CDS Crypto News Chaos at Binance Australia, AUD Bank Transfers Suspended
Crypto News

Chaos at Binance Australia, AUD Bank Transfers Suspended

Chaos at Binance Australia. According to the statement, AUD bank transfers have been stopped.

816
Chaos Continues at Binance Australia, AUD Bank Transfers Suspended

According to an announcement made last month, Binance Australia has stopped accepting bank transfers for deposits and withdrawals of Australian dollars (AUD).

Chaos at Binance Australia, AUD Bank Transfers Suspended

Due to a decision made by the third-party payment service provider, Binance Australia announced on May 18 that it would no longer support AUD bank transactions using PayID. According to a May 22 update, the services would be available until June 1.

Recent Statements by Binance

Users of Binance Australia can still purchase and trade cryptocurrency using credit or debit cards, according to the company’s most recent tweet, which also stated that it is “working hard to find an alternative provider.”

About Binance

According to daily cryptocurrency trading volume, Binance is a multinational corporation that runs the biggest cryptocurrency exchange. Developer Changpeng Zhao, who had previously developed high-frequency trading software, started Binance in 2017.

The crypto exchange was initially based in China. However, over time, the Chinese government began to impose strict regulations on cryptocurrency trading. Shortly before the regulations came, the exchange moved its headquarters out of China.

Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

1 Comment

Related Articles

Solana Price Prediction- Buy, Hold, or Sell in November 2024?

Is Solana (SOL) a good investment for November 2024? Explore price forecasts,...

Bitcoin Price Volatility Expected After U.S. Election: What Analysts Predict for BTC

Bitcoin's price volatility is expected to increase following the U.S. presidential election,...

Bitcoin Options Market Turns Cautious: Higher Demand for Puts Than Calls Before Election

Bitcoin Options Market Turns Cautious: Higher Demand for Puts Than Calls Before...