Seeking Alpha
2023-03-06 16:18:08

Crypto exchange Bybit to halt USD deposits due to payment gateway issues

Cryptocurrency exchange Bybit will temporarily suspend U.S. dollar deposits till further notice, owing to service outages from its end-point processing partner. The company will also halt withdrawals via wire transfer, including SWIFT, on March 10 due to the same payment gateway interruption. "You may continue to buy cryptos with your credit card on our One-Click Buy page," the company said in a blog post . "You may also continue to make crypto withdrawals." The development comes days after troubled crypto-friendly bank Silvergate Capital ( SI ) discontinued its U.S. dollar transfer network for crypto and institutional investor clients amid concerns over its viability. Last month, the world's largest crypto exchange Binance suspended U.S. dollar bank transfers temporarily .

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