https://www.coindesk.com/business/2023/02/06/crypto-exchange-binance-to-suspend-us-dollar-deposits-this-week/

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PlayIconNav
Crypto Prices CoinDesk Market Index
Business

Crypto Exchange Binance to Suspend US Dollar Bank Transfers This Week

USD bank transfers comprise only a tiny bit of monthly active users,
the exchange said.

By Helene Braun
AccessTimeIconFeb 6, 2023 at 5:02 p.m. UTC
Updated Feb 6, 2023 at 9:52 p.m. UTC
    
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place
in Austin, Texas, April 26-28.
Secure Your Seat
    
 
CoinDesk - Unknown

Helene Braun

Helene is a U.S. markets reporter at CoinDesk, covering the US
economy, the Fed, and bitcoin. She is a recent graduate of New York
University's business and economic reporting program.

 

Follow @HeleneBraunn on Twitter

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Join the most important conversation in crypto and Web3 taking place
in Austin, Texas, April 26-28.
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Crypto exchange Binance is temporarily suspending U.S. dollar bank
transfers starting on Wednesday, the company confirmed to CoinDesk on
Monday.

"We are temporarily suspending USD bank transfers as of February
8th," a Binance spokesperson said, 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 Pay and Apple Pay
and via our Binance P2P marketplace," the spokesperson added.

Binance's U.S. division, Binance.US, is not affected by the
suspension, according to a tweet from Binance.US Customer Support.

UPDATE (Feb. 6, 19:44 UTC): Added that Binance.US was not affected.



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CoinDesk - Unknown

Helene Braun

Helene is a U.S. markets reporter at CoinDesk, covering the US
economy, the Fed, and bitcoin. She is a recent graduate of New York
University's business and economic reporting program.

 

Follow @HeleneBraunn on Twitter

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Helene is a U.S. markets reporter at CoinDesk, covering the US
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Follow @HeleneBraunn on Twitter

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