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Binance Removes Norwegian Krone Trading Pairs, Payment Options

The announcement extends Binance’s updates and changes to its offering to tackle regulatory challenges.

Aug 27, 2021 at 10:43 a.m. UTC
Updated Aug 27, 2021 at 8:13 p.m. UTC

Binance, the world’s largest crypto exchange, has discontinued trading pairs and payment options in Norwegian krone with immediate effect.

  • Binance also announced Friday an end to Norwegian language support.
  • The move extends Binance’s updates and product-offering changes to more proactively tackle regulatory challenges.
  • In the past two weeks, Binance has discontinued its trading pairs and payment options in the South Korean won and tightened its customer verification requirements for access to crypto deposits, trades and withdrawals.
  • Binance has been responding to intense scrutiny from regulators and other entities across the world in recent months.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Jamie Crawley is a CoinDesk news reporter based in London.

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