Crypto exchange Binance announced on Wednesday that users in more than 70 countries can now make direct USD deposits and withdrawals in a significant expansion of the platform’s services. To facilitate this service, Binance has partnered with BPay Global, which is a payment service provider. BPay is licensed and regulated by the Central Bank of Bahrain, which will now operate as part of the Binance Group, the company said in a statement. This infrastructure enables both retail and corporate users in eligible countries to easily fund, store and convert USD to cryptocurrency and vice versa from their fiat wallet. Processing via SWIFT bank transfers with no fees Users will benefit from various convenient funding methods. USD deposits and withdrawals can be processed via SWIFT bank transfers with no fees for deposits from Binance. Additionally, the service supports funding via credit/debit card, as well as digital wallets such as ApplePay and GooglePay. BPay Global offers Binance users a dedicated fiat e-wallet designed to allow them to securely store their own funds with a regulated entity in global fiat currencies, including USD, and to use those balances directly within the Binance platform. Thomas Gregory, Binance Vice President of Fiat, expressed enthusiasm for the launch. “After much anticipation, we are pleased to offer our users direct entry and exit for USD, the most used currency for transactions around the world, catering to our diverse global user base and their needs,” he said. Gregory emphasized that the expansion of USD services will allow the company to further lower barriers to entry to low-cost crypto and improve the overall user experience within the platform, which is known for its “world-class security.” Binance on growth track The crypto exchange platform continues to grow rapidly. As of July 2025, Binance had more than 280 million registered users worldwide, far more than just 18 months earlier, when the platform had only 190 million users. The recent surge in both retail and institutional user adoption played a role in this growth, along with numerous advantages that Binance’s platform and product offering had over competitors, Mint previously reported. During the first half of 2025, the total registered users on Binance increased by 25 million. As new user registrations continue to average around 1 million weekly, Binance appears well-positioned to continue adding at least 50 million users annually, the Mint report said.
Crypto exchange Binance now allows direct USD deposits and withdrawals in over 70 countries – details here
