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Binance, operator of the world’s largest cryptocurrency exchange by trading volume and users, has announced that it is now offering direct USD deposits and withdrawals to users in more than 70 countries.
The new service is powered by B Pay Global, a Payments Service Provider licensed and regulated by the Central Bank of Bahrain and part of the Binance Group. Retail and corporate clients in eligible countries can now fund, store, and convert USD to crypto — and back again — directly through their Binance fiat wallets.
USD deposits and withdrawals are available via SWIFT bank transfers (with zero fees for deposits from Binance) as well as credit/debit card, Apple Pay, and Google Pay options.
This development marks the first time that Binance’s global platform has provided direct, regulated USD banking access to users worldwide. Previously, Binance.com only supported local fiat gateways — such as EUR, GBP, and AED — or stablecoin-based deposits (e.g. USDT, USDC), with no facility for direct USD transfers. The company’s U.S. entity, Binance.US, had offered USD deposits and withdrawals to U.S. residents but suspended them in 2023 amid regulatory challenges before restoring limited services earlier in 2025.
Thomas Gregory, Vice President of Fiat at Binance, said the new service represents a major step in improving user experience and global access to digital assets.
“After much anticipation, we are happy to offer our users direct on- and off-ramp for USD, the most used currency for transactions around the world, which caters to our diverse global user base and their needs. Providing wider USD services allows us to further lower entry barriers to crypto with low costs and enhances the user experience within our platform known for its world-class security.”
— Thomas Gregory, Vice President of Fiat, Binance
B Pay Global provides Binance users with a fiat e-wallet designed to hold funds with a regulated entity in multiple fiat currencies, including USD, and enables users to interact directly with Binance’s trading ecosystem.
B Pay Global B.S.C. (c) is a Payment Services Provider registered in the Kingdom of Bahrain. The company is licensed and regulated by the Central Bank of Bahrain as an Ancillary Service Provider – Payment Service Provider (PSP).
Binance is the operator of the world’s largest cryptocurrency exchange by trading volume and registered users. It serves more than 290 million users in over 100 countries and provides a suite of digital asset products including trading, finance, education, research, payments, institutional services, and Web3 solutions.
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