- Binance introduces SWIFT USD withdrawals in over 70 countries.
- BPay Global, licensed in Bahrain, powers the service.
- Users enjoy direct USD to crypto conversions, facilitating transactions.
Binance has expanded its fiat capabilities by allowing USD withdrawals through SWIFT, facilitated by BPay Global in Bahrain, now operational across over 70 countries as of January 2026..
This move potentially lowers cryptocurrency access barriers and aligns with Binance’s strategy to enhance the user experience by diversifying fiat-crypto interaction within regulated environments.
Binance Expands Fiat Services to 70+ Nations
Market reaction has been largely positive, with Binance Vice President of Fiat, Thomas Gregory, commenting on the increased convenience for users. There have been no public reactions from regulatory bodies, highlighting a possibly smooth integration into existing financial structures.
SWIFT Integration Strengthens Binance’s Global Reach
Did you know? Binance’s integration of SWIFT USD withdrawals is a major move in crypto adoption, linking traditional banking with digital assets more closely than ever before, setting a precedent in the crypto space.
With the central role of USD in global transactions, Binance’s move to permit USD withdrawals through SWIFT represents a strategic expansion. BPay Global, holding the Central Bank of Bahrain’s licensure, solidifies Binance’s operational legitimacy in new jurisdictions.
This approach lowers entry barriers to cryptocurrency, potentially increasing digital currency adoption. Observers predict this could influence regulatory discussions, as traditional finance closely intersects with cryptocurrencies. The service’s reliability and security may prompt other platforms to consider similar offerings.
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Source: https://coincu.com/news/binance-usd-withdrawals-swift/
