Binance has launched direct USD deposits and withdrawals through BPay Global, a regulated Binance Group company licensed by the Central Bank of Bahrain. 

The feature, announced on Oct. 22, is available to users in over 70 countries, expanding Binance’s fiat access network and simplifying the bridge between traditional finance and crypto.

Easier transfers between USD and crypto

Through BPay Global, both retail and corporate users can now deposit and withdraw USD via SWIFT bank transfers, credit and debit cards, Apple Pay, and Google Pay. Binance stated that there are no fees associated with USD deposits made through SWIFT, allowing for quicker and cheaper transactions between fiat and crypto.

According to Binance’s vice president of fiat, Thomas Gregory, the update addresses global demand for more seamless fiat on- and off-ramps. He said the expansion supports Binance’s goal of lowering entry barriers to crypto while maintaining strong compliance and security standards.

Users in qualified areas can use the feature to store USD in a regulated e-wallet and use it directly on the Binance platform for conversions or trading.

Expanding fiat access and compliance

The launch of BPay Global comes after several updates that have strengthened Binance’s payments and fiat ecosystem. Earlier in October, Binance.US introduced dynamic withdrawal fees for ERC-20 tokens and lowered trading fees on popular pairs like Ethereum, Solana, and BNB.

Through a partnership with PayPay, the biggest cashless payment platform in Japan, Binance made it possible for customers to purchase cryptocurrency with PayPay Money and have it deposited straight into their accounts.

Binance has also integrated Plume Network to enable gas-free payments for tokenized real-world assets across thousands of merchants. These moves demonstrate Binance’s long-term goal of fusing everyday finance with digital assets.

BPay Global’s launch is another significant step in that direction. By providing users in more than 70 countries with direct USD deposits and withdrawals, Binance is bridging the gap between traditional and digital finance, creating a more accessible and user-friendly global payment network.

Sources >> Binance rolls out global USD deposits and withdrawals via BPay Global