Binance Unveils Major Upgrade! Supports Direct USD Withdrawals via SWIFT Bank Transfers, Further Enhancing Compliance

On January 17, Binance platform suddenly announced a major feature update: users can now directly withdraw USD via SWIFT bank transfers. This operation is supported by its payment subsidiary BP Bay, with transfer completion times within 0-5 business days.
This move reflects Binance’s ongoing efforts to enhance compliance. BP Bay is a subsidiary of Binance Global, based in Bahrain. This subsidiary recently obtained a Payment Service Provider (PSP) license from the Central Bank of Bahrain (CBB) in April 2025, paving the way for this USD withdrawal feature.
Moreover, Binance has been active in Bahrain recently: on January 15, it announced a partnership with Bahrain’s Bank of Bahrain and Kuwait (BBK), which became the first Gulf Cooperation Council (GCC) bank to join Binance’s “Crypto-as-a-Service” linkage program. This means traditional banking users can now access crypto assets through Binance’s technology solutions, effectively opening a channel between traditional finance and the crypto world.
From licensing to SWIFT integration and local bank binding, Binance’s compliance expansion in the Middle East is accelerating. This not only makes withdrawals smoother for users but also sets a new example for the compliance process of global crypto exchanges. #Gate广场创作者新春激励 $BTC $ETH $SOL