Binance Australia says that it will no longer be able to facilitate Australian Dollar bank transfers using PayID, the exchange said on Thursday.
In a tweet, Binance Australia blamed its third-party payment service provider and said that it’s working to find an alternative.
Australia-based users can still buy and sell crypto using their credit or debit card, and Binance says its P2P marketplace continues to operate as usual. This comes as crypto exchanges continue to find it difficult to maintain fiat on-ramps.
Trending: WATCH: DeSantis Shreds Woke Heckler Who Interrupted Speech
Binance-rival Crypto.com is also facing a banking crisis, with its US dollar deposit functionality at risk following Silvergate Bank’s collapse, Metropolitan Commercial Bank’s
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!