Share this article
BTC
$94,870.75
+
1.65%ETH
$1,803.76
+
2.56%USDT
$1.0005
+
0.01%XRP
$2.1930
+
0.48%BNB
$602.60
+
0.31%SOL
$151.64
+
0.04%USDC
$0.9999
-
0.01%DOGE
$0.1866
+
3.57%ADA
$0.7221
+
1.53%TRX
$0.2431
-
0.34%SUI
$3.6236
+
8.07%LINK
$15.11
+
1.12%AVAX
$22.70
+
3.00%XLM
$0.2895
+
5.11%SHIB
$0.0₄1463
+
5.71%LEO
$9.1437
-
0.96%HBAR
$0.1954
+
4.94%TON
$3.2468
+
1.26%BCH
$372.52
+
4.98%LTC
$87.82
+
4.90%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
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.
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."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"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.
Helene Braun
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
