It has been brought to the attention of cryptocurrency exchange Binance’s retail customer base that there is a possibility that they will not be able to access their accounts at some point in the not too distant future due to the fact that the exchange may go out of business. In the event of something comparable happening, there is a chance that bank transfers of money on and off the ramp may no longer be possible.

Users who want to buy or sell cryptocurrency for less than $100,000 and want to use the SWIFT payment method will be affected by the service outage that is currently occurring. After the temporary interruption of operation, customers will only have access to the SWIFT payment method to the extent that their bank accounts are denominated in US dollars. This is the reason for the aforementioned limitation.

The day that will mark the start of the day will be February 1, which is when the implementation period of the new rule is scheduled to begin. This day will also mark the beginning of the day.

Binance sent an email to its clients, also known as “Binancians”, on Jan. 21 to inform them of the news and emphasize that the company is “actively seeking” a new SWIFT (USD) partner to avoid service interruptions for upcoming transfers. payment banks. Binance clients are also known as “binancians”. People who trade cryptocurrencies on the Binance marketplace are known as “binancians.” In marketing materials distributed by Binance, clients are referred to not only as “Binances”, but also as “Binances”. Binance residents are sometimes referred to as “Binances” when referring to themselves collectively in the common vernacular. Binances are users of the Binance platform who are engaged in cryptocurrency trading. Binances are referred to by the name of this platform. The year 2017 marks the start of operations for Binance.