BIG NEWS: Swift is no longer available to Binance users for transactions under $100,000


Binance Crypto Exchange has alerted its existing consumers of an approaching service outage that could stall on-ramp and off-ramp bank payment transactions. Users of US Dollar-held bank deposits who wish to purchase or trade cryptocurrencies for less than $100,000 will be affected by the service outage. The interruption will start on February 1.

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Binance announced that its fiat partner Signature Bank would no longer recognize bank transfers from less than $100,000