Overview
Binance Jersey emerged in early 2019 as Binance's European fiat-to-crypto arm, aiming to offer UK pound and euro trading pairs in a regulated envelope. It positioned itself as a bridge between regional fiat and crypto - until it quietly closed shop in under two years.
Aiming for Europe - ended up folding
Launched in January 2019 for European users, Binance Jersey let traders convert GBP and EUR into crypto with a basic token lineup starting with BTC and ETH. It was Binance's regulated on-ramp into Europe. By October 2020, deposits were disabled, and by November trading and withdrawals stopped. The hard shutdown followed at the end of that month, marking a rise and fall that barely spanned two years.
Zero activity equals total closure
After the shutdown, the platform disappeared completely. Accounts became inaccessible and the website went dark. Trackers confirm Binance Jersey now shows zero volume or activity, officially relegated to the "Untracked Listing" category.
Why it mattered - and why it didn't
The idea was to bring fiat-friendly crypto access to Europe under a compliant structure. But Binance.com already supported GBP via Faster Payments and EUR via SEPA, making Binance Jersey redundant. The parent exchange simply outpaced the need for a separate European branch.
Strengths & weaknesses at a glance
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Final thoughts
Binance Jersey brought hopes of compliant fiat on-ramping for Europe. But its limited differentiation from Binance.com, slow adoption, and rapid closure reduced it to a brief experiment. Today it exists only as a piece of crypto history - a reminder that even giants can miss when regional demand is weak.