Binance Banking Partner to Ban Crypto Trading Transfers Under $100K

Binance Banking Partner to Ban Crypto Trading Transfers Under $100K

Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February.

Bank Working With Binance Sets $100,000 Transaction Minimum for Crypto Traders

A bank serving some clients of the world’s largest cryptocurrency exchange, Binance, will only process customer transactions exceeding $100,000, starting from the first day of February. The new minimum will be imposed as part of the lender’s decision to limit its exposure to digital-asset markets.

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“One of our fiat banking partners, Signature Bank, has advised that it will no longer support any of its crypto exchange customers with buying and

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