Finance
Share this article

Binance Australia Stops AUD Bank Transfers as Search for Payment Partner Drags On

Customers can still buy and sell crypto using credit and debit cards after the halt, which was announced last month.

By Amitoj Singh|Edited by Sheldon Reback
Jun 2, 2023, 8:31 a.m.
jwp-player-placeholder

Binance Australia halted Australian dollar (AUD) deposits and withdrawals by bank transfer as announced last month, the exchange said on Thursday.

On May 18, Binance Australia said it would no longer facilitate AUD bank transfers using PayID "due to a decision made" by the third-party payment service provider. A May 22 update said the services will continue until June 1.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.

The latest tweet said Binance Australia users can still buy and sell crypto using credit or debit cards, and that it is "working hard to find an alternative provider."

For the past few days, bitcoin BTC$66,792.45 has been trading at nearly a 20% discount on Binance’s Australia arm, compared with rival exchanges.

In April, after a request from Binance, the Australian Securities and Investments Commission (ASIC) canceled Binance Australia's derivatives license.

Read More: Australia's Treasury and Reserve Bank Held Consultations With Coinbase, Others

BinanceAustraliapayments platform

Di più per voi

Zoomex: Precise Systems of Fairness and Transparency by Design

Di CoinDesk
31 gen 2026
logo
Commissioned byZoomex

Leggi tutta la storia

Di più per voi

South Korea’s Hanwha makes a $13 million bet on ‘seedless’ crypto wallets

Di Jamie Crawley, AI Boost|Editor Stephen Alpher
5 ore fa
Wallet (hamedtaha/Unsplash, modified by CoinDesk)

The South Korean financial firm backs the U.S.-based blockchain company to accelerate enterprise wallet technology and real-world asset tokenization.

Cosa sapere:

  • Kresus has secured roughly $13 million (KRW 18 billion) from Hanwha Investment & Securities.
  • The funding will support enterprise wallet infrastructure and real-world asset (RWA) tokenization platforms.
  • The deal signals continued institutional investment in blockchain infrastructure despite uneven crypto markets.
Leggi tutta la storia