The same applies to cards of payment services that work with cryptocurrency, for example, the advcash card also has a very limited cash withdrawal limit. I think this is due to the regulation around cryptocurrencies, and regulators do not want people to be able to withdraw a lot of cash through banking systems using crypto cards.
Not only cryptocurrency cards are affected with the relatively low limits, but the regular ones issued by banks as well (albeit withdrawal limits are higher). For example, card issued by my bank has 5000 kuna daily withdrawal limit (approximately 660 euro) so its a little bit more than a double of Binance card. Big advantage of Binance card is that daily spending limit is 8700 euro which should be enough for 99.99% users.
Its all probably about governments not liking the thought of us withdrawing money without them knowing on what exactly we are spending it.