Binance to Discontinue P2P Cash Zone by March 31, 2025
Binance has announced that its P2P Cash Zone feature will be discontinued on March 31, 2025. This means users will no longer be able to buy or sell cryptocurrency using in-person cash transactions through registered merchants on the platform.
What This Means for Users
1. No More Face-to-Face Cash Transactions
Binance previously allowed users to exchange crypto for cash in person through approved merchants. This option will be removed.
2. Shift to Digital Payment Methods
Binance's P2P platform will continue, but users must use digital payment options such as bank transfers, mobile wallets, or third-party payment platforms.
3. Possible Reasons for the Change
Regulatory Compliance – Governments are tightening rules on anonymous cash transactions to prevent money laundering.
Enhanced Security – In-person trades pose risks of fraud and physical harm.
Increased Transparency – Digital payments provide better traceability, aligning with financial regulations.
What You Need to Do
If you rely on P2P Cash Zone for transactions, switch to digital payment methods before March 31, 2025, to continue trading on Binance’s P2P platform.