Binance, the world's largest cryptocurrency exchange, will suspend deposits and withdrawals from the US dollar, the company said on Monday, without explaining the reasons for such a decision.
"We temporarily suspend bank transfers in US dollars starting February 8," a binance correspondent told CNBC. "The customer receives a direct notification. 0.01% of the monthly active users receive a bank transfer in U.S. dollars, "the company said, adding:" We are working hard to restore the service as soon as possible."
BINANCE USA, a division of a company controlled by the Financial Crimes Enforcement Network of the Treasury Department, tweeted that the comments did not affect it. This process applies to non-U.S. consumers who transfer money from a bank account to a dollar.
Arkham intelligence data shows that after the merger there was a significant increase in the flow of money from Binance crypto wallets, such as millions of coins attached to dollars, such as Tether
And the US dollar
They flowed through individual exchanges or handbags.
- Binance net penetration of the US dollar has cost over 1 172 million, based on devilama data. According to Arkham, it was a paltry sum for a company with crypto assets worth dollars 42.2 billion.
- "We still have a lot of money," his spokesperson said. Churn continues to grow as prices begin to rise after inflation in the market, as we have seen last week when some employers benefited. Bitcoin
- In January, it has grown by more than 38%, which is the best month since October 2021.
- The Binance exchange code, BNP, almost unaffected by the news, peaked at 3,328.
At the end of January, Binance announced that the United States Joint Stock Bank would merge with the United States Bank of America
Increase the minimum exchange value of the US dollar to $100,000. At the time, Binance stated that its signature informed the exchange that the minimum would apply to all customers of the crypto exchange.
Regarding the Monday reaction, a binance correspondent told. The United States has a private banking partner, and they have no problem."The true binance of the Exchange serves only some American users.
Binance has stated that customers can still use other fiat currencies or payment methods to buy cryptocurrencies. As for the victims ' minorities, "we will have a new partner who will announce these users in the next two weeks," the representative said.