Binance to Halt US Dollar Bank Transfers from Wednesday

Crypto exchange Binance is temporarily suspending U.S. dollar bank transfers starting on Wednesday, the company confirmed 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 the 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.

(Source: CoinDesk)