The crypto exchange accused the payments company of redirecting 470,000 users from Binance Card. It allegedly allowed them to top up RedotPay payment cards using Binance Pay in violation of a commercial agreement. Binance valued each customer at $925. The crypto exchange claims that these actions contributed to inflating RedotPay’s market value ahead of a possible IPO. Binance will stop supporting Binance Pay on the RedotPay platform as of April 3, 2026. RedotPay has increased its user base by 33% over the past six months, reaching 8 million users. The company’s annual revenue is $180 million. At the same time, its payment volume amounts to $14 billion.