Binance has confirmed the suspension of Visa and Mastercard withdrawals for users in Ukraine following changes linked to its fiat payment provider.
The exchange halted card-based withdrawals earlier this week, according to notifications sent directly to affected customers.
The pause applies specifically to direct withdrawals to bank cards issued by Visa and Mastercard.
Local Ukrainian media outlets first reported the change, citing user notices from the platform.
A Binance spokesperson confirmed the development and said the update only affects Ukrainian users who previously relied on Bifinity services.
Binance said the announcement regarding changes to payment methods applies exclusively to users in Ukraine who used Bifinity as their fiat provider.
On 15 December, Binance informed users that Bifinity UAB would cease offering services by the end of the month due to regulatory changes.
At the time, Binance said the shift would affect some fiat on- and off-ramp methods but would not disrupt core crypto trading activity.
The exchange maintained that users would still be able to deposit, withdraw, buy, and sell cryptocurrencies without interruption.