Binance will suspend the input and withdrawal of funds in US dollars through bank transfers – Bits Media

Binance Crypto Exchange Announced, what with 8 February will temporarily suspend deposits and withdrawal of funds in US dollars using bank transfers.

According to Binance on Twitter, banking transfers using other fiat currencies, in including the euro, They will not be affected. All other ways of buying and selling crypto assets are also in force. Exchange support service explained, that the suspension applies only to BINANCE international users, and customers of the American unit of the exchange, Binance.US, This will not affect.

From February 8th, we will temporarily suspend all USD bank transfers.

Only a small proportion of our users will be impacted by this and we are working hard to restart the service as soon as possible.

All other methods of buying and selling crypto remain unaffected.

— Binance (@binance) February 6, 2023

The reason for the suspension was not named. The leadership of Binance noted, What only 0.01% Monthly active users of the site use banking transfers in US dollars. However, the Binance team makes every effort, so that this function becomes available to customers as soon as possible.

Recently Signature Bank, BINANCE Partner for SWIFT translators, stated, what with 1 February he will process transactions of traders with dollar bank accounts, if the amount of their transaction does not exceed $100 000. Therefore, now the trading platform is in search of a new banking partner. In early February, Binance published a list of 144 countries, in which SWIFT transfers in US dollars will be suspended, Regardless of their amount.