Australian crypto exchange executives told Cointelegraph they don't expect issues with their own payment providers despite news of Binance Australia’s offboarding.
Australian-based cryptocurrency exchanges have lined up to quash contagion fears after the payments provider for Binance Australia was told to offboard the exchange, though some have warned risks still loom.after its payments partner Zepto was told by its partner firm Cuscal to stop support for the exchange.
BTC Markets CEO Caroline Bowler said she had “no due for concern," adding “we work really closely with [our payments provider], specifically on scams."AUD payment rails are unaffected and open for business.“Nothing's been alerted to me that there are any concerns with BTC Markets,” she said. “We are accountable to them on a monthly basis and have been for a sizable period of time.”
“It’s very unfortunate to see a business in a position where they have to cut their client’s access overnight,” he said. Some of the executives noted a significant uptick in the users, downloads and registrations on their platforms as Binance users seemingly hunt for alternative exchanges with Australian dollar payment ramps.
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