Binance, the world’s largest cryptocurrency exchange, has introduced direct USD deposit and withdrawal services for users in over 70 countries.
This new feature is enabled through BPay Global, a payments service provider licensed by the Central Bank of Bahrain and part of the Binance Group. It allows both retail and corporate users to effortlessly fund their accounts, store U.S. dollars, and directly convert USD to crypto and back within their Binance fiat wallets.
Key Features of the New USD Service:
- Supported Transaction Methods: The service supports USD transactions via SWIFT bank transfers, as well as credit/debit cards, Apple Pay, and Google Pay.
- Zero Deposit Fees: Binance is offering zero fees for deposits made through SWIFT bank transfers.
- Lowering Barriers: According to Thomas Gregory, VP of Fiat at Binance, this integration for the “most used currency for transactions” will lower entry barriers to crypto, reduce costs, and enhance the user experience.
The integration utilizes BPay Global’s regulated e-wallet infrastructure, allowing Binance users to hold funds in secure fiat accounts and access USD for direct use on the Binance platform.
October 2025, Cryptoniteuae
📧 The Gulf reads Cryptonite first
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