Binance Will Suspend US Dollar Transfers This Wednesday

The world’s largest and, currently, most reliable crypto exchange was very quick to point out that USD bank transfers make up a tiny portion of monthly transactions on the platform.

Starting Wednesday, Binance is temporarily suspending U.S. dollar bank transfers.

A spokesperson for Binance said, “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,”

Binance.US, the division one would expect to be most affected by this came out to tweet the contrary, stating…