Cryptocurrency exchange Binance is suspending US Dollar transfers this week, starting next Wednesday.
While the world’s largest cryptocurrency exchange Binance suspends dollar bank transfers, it also noted that USD wire transfers only transfer a small fraction of monthly active users.
Binance Suspends Dollar Bank Transfers This Week
Cryptocurrency exchange Binance recently confirmed in a statement that it will suspend US dollar transfers from Wednesday.
A Binance spokesperson said in a statement that only 0.01 percent of monthly active users use USD wire transfers:
A spokesperson for cryptocurrency exchange Binance added: