Binance Restores AUD Deposits and Withdrawals After Two-Year Suspension

Binance has restored Australian dollar (AUD) deposits and withdrawals for users in Australia, ending a suspension that began in mid-2023 after regulatory pressure and banking disruptions.

According to the announcement, the service became fully available to verified users on January 18th, 2026. Australian customers can now move funds directly between their bank accounts and Binance using PayID and standard bank transfers.

Notably, the relaunch brings back real-time PayID deposits, allowing instant fiat on-ramps and off-ramps that had remained unavailable for nearly two years.

Return of Direct Bank Transfers

Binance gradually reintroduced AUD services after testing them with a limited group of users in late 2025. The full rollout now covers all verified Australian customers, reversing restrictions that had pushed users toward debit cards, credit cards, peer-to-peer trading, and third-party payment providers since June 2023.

The suspension followed Binance losing access to key local banking partners, including payment provider Cuscal, as Australian regulators increased scrutiny of crypto exchanges.

Moreover, while card payments stayed available during the hiatus, users often faced higher fees and slower settlement times compared with direct bank transfers. Binance says it secured the return of AUD banking rails through extensive engagement with regulators and major upgrades to its compliance framework.

Furthermore, these changes include stronger anti-money-laundering controls and operational adjustments designed to meet Australian regulatory standards.

Regulatory Progress and Market Impact

The Australian relaunch comes shortly after Binance completed a major regulatory restructuring in other regions. Furthermore, on January 5th the exchange finalized its transition to an Abu Dhabi Global Market–regulated structure, operating through licensed entities that cover trading, clearing, custody, and brokerage services.

Despite remaining the world’s largest crypto exchange by trading volume, Binance saw its global spot market share fall to about 25% in December 2025, the lowest level since early 2021. Rising competition and changing user behavior contributed to the decline, increasing the strategic importance of restoring fiat services in key markets like Australia.

Nonetheless, for Australian users, the return of AUD deposits and withdrawals restores a critical feature that had been missing since 2023. It also puts Binance back in direct competition with local exchanges that have maintained uninterrupted access to Australian banking services throughout the regulatory disruption.

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