Binance, the world’s largest cryptocurrency exchange, has suspended bank transfers in USD from Wednesday, it confirmed in reports.
Speaking to CoinDesk on Monday, a Binance spokesperson confirmed that it would take measures from 8 February. It added that just 0.001 percent of bank transfers are conducted in USD each month.
The spokesperson said: “We are temporarily suspending USD bank transfers as of February 8th. Affected customers are being notified directly.”
The spokesperson continued,
“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.”
Despite this, the measures will enter force on its global platform, but not the firm’s Binance.US subsidy.
A second spokesperson said: “[Binance.US] is not affected by this suspension. Unless you see an official message from http://Binance.US, our customers will not be affected.”
