Binance will suspend USD bank transfers as soon as this week The platform made the statement days after its banking partner put a limit on the USD transfer amount Binance, the world’s largest crypto exchange by market cap, is reportedly halting USD bank transfers. The halt will last for a few weeks till the crypto […]
The platform made the statement days after its banking partner put a limit on the USD transfer amount
“After this time, the USD withdrawal function will be temporarily disabled and deposits into Binance USD accounts will be rejected and returned to sender. Importantly, all balances and other platform functions are unimpacted. We are working to resolve this administrative issue as soon as possible”Notably, the update comes days after the crypto exchange revealed that its SWIFT banking partner had set a limit to USD transfers.
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