Binance is briefly suspending US Greenback-denominated financial institution transfers from Feb. 8, in response to an emailed assertion despatched to CryptoSlate on Feb. 6.
The agency mentioned it was notifying affected clients instantly. A Binance spokesperson mentioned:
“It’s value noting that solely 0.01% of our month-to-month energetic customers leverage USD financial institution transfers, however that we’re working laborious to restart service as quickly as attainable.”
The change added that its customers might use different strategies of shopping for and promoting crypto, together with financial institution transfers in fiat currencies like Euros.
Binance didn’t reveal how lengthy the service’s disruption would final.
On Jan. 23, Binance mentioned its banking associate Signature financial institution would cease processing crypto transactions value lower than $100,000. On the time, the change added that the choice would have an effect on the financial institution’s crypto purchasers.
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