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Binance Halts USD Transactions Temporarily from February 8

Published 02/07/2023, 03:58 PM
Updated 02/07/2023, 04:15 PM
Binance Halts USD Transactions Temporarily from February 8

Binance Halts USD Transactions Temporarily from February 8

  • Binance tweeted that it has decided to suspend USD transactions from February 8.
  • The company added that the suspension will be applicable only to international Binance users.
  • It is also informed that all other transactions would be unaffected by the move.

The biggest cryptocurrency exchange Binance announced that the firm would temporarily suspend US dollar transactions from February 2023. Though the company failed to provide further explanation for halting the transactions, it said that except for USD transactions, all other crypto transactions would remain uninfluenced.

On February 7, Binance tweeted sharing the company’s decision to halt USD transactions and securing that the company “is working hard to restart the service as soon as possible”:

Notably, Changpeng Zhao, the CEO of Binance commented that the USD transfers comprise only 0.01%: “I…

The post Binance Halts USD Transactions Temporarily from February 8 appeared first on Coin Edition.

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