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Binance pauses US dollar transfers

Published 07/02/2023, 08:43
Updated 07/02/2023, 09:11
©  Reuters Binance pauses US dollar transfers

Proactive Investors - Binance, the world’s largest crypto exchange, is suspending US dollar bank transfers, the company said.

Starting from Wednesday, users will not be able to transfer into US dollars, a spokesperson confirmed to the website CoinDesk.

“We are temporarily suspending USD bank transfers as of February 8th," a Binance spokesperson told CoinDesk, noting just 0.01% of monthly active users use USD bank transfers.

"Affected customers are being notified directly."

"In the interim, all other methods of buying and selling crypto remain unaffected, including bank transfer using one of the other fiat currencies supported by Binance (including euros), buying and selling crypto via credit card, debit card, Google (NASDAQ:GOOGL) Pay and Apple (NASDAQ:AAPL) Pay and via our Binance P2P marketplace.”

Read more on Proactive Investors UK

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