Binance, the world’s largest crypto exchange, has announced that it will pause all bank transfers in dollars from February 8. Representatives of the site said that this is a temporary measure, but they did not name the reasons for its introduction,
writes CNN.
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Binance representatives believe that the pause in dollar transfers will affect only a small proportion of exchange users. According to the platform, only 0.01% of its active users make transactions in dollars.
The company said in a statement that its specialists are working to resume the provision of this service as soon as possible. At the same time, all other ways of buying and selling cryptocurrencies remain available.
It is noteworthy that the restriction does not apply to the US division of Binance.US. As a result, only non-US users will face the ban on dollar transfers.
How
informs TV channel CNBC, the announcement of the suspension of transfers provoked a sharp increase in transactions on the crypto exchange. Binance users rushed to transfer dollar-pegged stablecoins to other crypto exchanges, including Tether and USDC. Some of them withdraw funds to their electronic wallets. During the day, about $172 million was withdrawn from the site with total crypto assets of $42.2 billion.
