Binance Will Suspend USD Deposits and Withdrawals Through Wire Transfers

Cryptocurrency exchange Binance has announced that it will temporarily suspend deposits and withdrawals in US dollars using bank transfers from February 8th.

According to Binance's Twitter post, wire transfers using other fiat currencies, including EUR, will not be affected.. All other ways to buy and sell crypto assets also remain valid.. The support team of the exchange clarified that the suspension only applies to international users of Binance, and customers of the US division of the exchange, Binance.US, will not be affected.

Причина приостановки названа не была. Binance management noted that only 0.01% of monthly active users of the site use bank transfers in US dollars.. However, the Binance team is working hard to make this feature available to customers as soon as possible.

Recently, Binance's SWIFT partner, Signature Bank, announced that it will process trades from traders with USD bank accounts as of February 1 as long as their transaction amount is less than $100,000.. Therefore, now the trading platform is looking for a new banking partner. In early February, Binance published a list of 144 countries where USD SWIFT transfers will be suspended, regardless of their amount.