Quick Breakdown
- Binance launches direct USD deposits and withdrawals via BPay Global in 70+ countries.
- No fees for USD deposits made through SWIFT transfers.
- The update strengthens Binance’s mission to bridge traditional and digital finance globally.
Binance expands fiat access with BPay Global
Binance has launched a new feature that allows users to move funds seamlessly between cryptocurrency and traditional finance systems. Announced on October 22, the exchange now supports direct USD deposits and withdrawals through BPay Global, a regulated Binance Group subsidiary licensed by the Central Bank of Bahrain.
Top up your Binance account with USD (powered by Bpay Global) & buy crypto anytime!
Enjoy faster, cheaper USD deposits via SWIFT, cards, Apple Pay & Google Pay. Withdrawal available too.
Don’t miss out 👉 https://t.co/3jkGAW3KZC pic.twitter.com/1Chxp8dpjy
— Binance (@binance) October 22, 2025
This new functionality is available to users in over 70 countries, reinforcing Binance’s ongoing efforts to simplify fiat access and build a more connected global financial network.
Faster, fee-free USD transfers
With BPay Global, both individual and corporate users can deposit and withdraw USD using SWIFT bank transfers, credit and debit cards, Apple Pay, and Google Pay. Binance highlighted that USD deposits via SWIFT are free of charge, enabling quicker and more affordable movement of funds between fiat and crypto.
According to Thomas Gregory, Binance’s Vice President of Fiat, this initiative responds to increasing demand for smoother on- and off-ramp solutions. He emphasized that the update “supports Binance’s mission to lower entry barriers to crypto while ensuring compliance and security.”
Users in eligible regions can now hold USD in a regulated e-wallet and directly use it for trading or conversions on the Binance platform.
Strengthening Binance’s fiat and payment ecosystem
The introduction of BPay Global follows a series of recent efforts to enhance Binance’s fiat infrastructure. Earlier in October, Binance.US implemented dynamic withdrawal fees for ERC-20 tokens and reduced trading fees for top assets including Ethereum, Solana, and BNB.
In Japan, Binance partnered with PayPay, the nation’s leading cashless payment provider, to allow users to purchase crypto using PayPay Money, with deposits made directly into Binance accounts.
Additionally, Binance’s integration with Plume Network now enables gas-free payments for tokenized real-world assets (RWAs) across thousands of merchants.
Bridging traditional and digital finance
The launch of BPay Global marks another strategic step in Binance’s mission to merge traditional and digital finance. By offering direct USD deposits and withdrawals across more than 70 countries, Binance is simplifying global money movement, expanding access to crypto, and building a user-friendly financial ecosystem for the next wave of global users.
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