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Discontinuation of BUSD Support on Ethereum and BSC Network

5 months ago

Effective: December 14, 2023, 0530 AM UTC ⏰

Change Description: 📝

As part of our ongoing efforts to optimize our services and comply with industry standards (Binance announcement), we are announcing a significant update to our platform. Starting from December 14, 2023, at 0530 AM UTC, Transak will no longer support BUSD (Binance USD) on both the Ethereum and BSC (Binance Smart Chain) networks. This change applies to all our On-ramp and Off-ramp products.

Impact of Change: 💥

  • BUSD will not be available for transactions (both buying and selling) on the Ethereum and BSC networks through Transak.
  • Users are advised to complete or cancel any pending transactions involving BUSD.
  • Any attempts to transact with BUSD on these networks will not be processed.

Action Required: 🚨

We urge all our partners and users to update their systems accordingly to ensure a seamless transition. Please remove or disable BUSD options on your platforms for Ethereum and BSC networks to prevent any user inconveniences or transactional errors.

Support and Queries: 🤝

We understand that changes like these can be challenging. Our team is here to assist you in making this transition as smooth as possible. For any queries or assistance, please do not hesitate to reach out to us at [email protected].

We appreciate your understanding and cooperation as we continue to evolve our platform to better serve your needs. Thank you for your continued partnership and trust in Transak.