Binance Restores Bank Transfers in Australia After Two-Year Freeze

[madtrader]

Binance has reintroduced direct bank transfers for Australian users, ending a two-year period where the exchange was effectively cut off from the local banking system. As of last Friday, Binance Australia once again supports fiat deposits and withdrawals via bank transfer and PayID, marking a major shift for users who previously faced limited options to move money in and out.

According to Matt Poblocki, fiat on- and off-ramps are a “vital connection” between traditional finance and digital assets. Their absence created friction that slowed adoption and discouraged participation, while their return removes a major barrier for everyday users trying to engage with crypto markets.

[nihalsari]

took two years but wow, bank transfers back is actually huge for aussies