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cryptonews
2023-01-23 14:14:00

Binance Banking Partner Restricts Crypto Transactions to $100,000 and Above – Here’s Why

Binance Banking Partner Restricts Crypto Transactions to $100,000 and Above – Here’s Why

Binance, the world’s largest crypto exchange by trading volume, says it can no longer support USD deposits and withdrawals through SWIFT if the amount transferred is less than $100,000. The reason for the new limitation, which sets the bar for such transfers extremely high for most ordinary crypto investors, is that one of Binance’s banking partners is said to be moving away from crypto. Binance uses Signature Bank to process SWIFT payments.... Read More: Binance Banking Partner Restricts Crypto Transactions to $100,000 and Above – Here’s Why

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