Expanded Fiat Services for Global Users
Binance has expanded its fiat capabilities by allowing USD withdrawals through SWIFT, facilitated by BPay Global in Bahrain, now operational across over 70 countries as of January 2026.
This move potentially lowers cryptocurrency access barriers and aligns with Binance's strategy to enhance the user experience by diversifying fiat-crypto interaction within regulated environments.
Market Reaction and User Convenience
Market reaction has been largely positive, with Binance Vice President of Fiat, Thomas Gregory, commenting on the increased convenience for users. There have been no public reactions from regulatory bodies, highlighting a possibly smooth integration into existing financial structures.
“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
SWIFT Integration and Global Reach
Binance's integration of SWIFT USD withdrawals is a major move in crypto adoption, linking traditional banking with digital assets more closely than ever before, setting a precedent in the crypto space.
With the central role of USD in global transactions, Binance's move to permit USD withdrawals through SWIFT represents a strategic expansion. BPay Global, holding the Central Bank of Bahrain's licensure, solidifies Binance’s operational legitimacy in new jurisdictions.
This approach lowers entry barriers to cryptocurrency, potentially increasing digital currency adoption. Observers predict this could influence regulatory discussions, as traditional finance closely intersects with cryptocurrencies. The service's reliability and security may prompt other platforms to consider similar offerings.