Binance Bridging Traditional Finance: Direct USD Withdrawals via SWIFT Now Live Through Bahrain Entity

Binance, the world’s leading cryptocurrency exchange, has reached a significant milestone in its ongoing effort to integrate digital assets with the traditional global banking system. According to the latest platform information, Binance now supports direct withdrawals of United States Dollars (USD) via the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. This long-awaited service is facilitated by BPay Global, a dedicated payment subsidiary of Binance based in Bahrain. Users can now expect their funds to arrive in their traditional bank accounts within a timeframe of zero to five business days, depending on intermediary bank processing.

The launch of this SWIFT withdrawal service is a direct result of Binance’s strategic positioning in the Middle East. BPay Global was established in April 2025 and successfully secured a Payment Service Provider (PSP) license from the Central Bank of Bahrain (CBB). This regulatory milestone has empowered the subsidiary to act as a bridge between the crypto ecosystem and fiat-based financial institutions. Furthermore, this development is complemented by a recent partnership between Binance Bahrain and the Bank of Bahrain and Kuwait (BBK). By signing a Memorandum of Understanding (MoU), BBK has become the first bank in the Gulf Cooperation Council (GCC) to join the "Binance Link" program. This collaboration will leverage Binance’s "Crypto-as-a-Service" technology solutions to provide innovative financial experiences to the bank’s retail and corporate clients.

From a strategic perspective, the re-introduction of direct USD bank transfers signifies Binance's commitment to compliance and infrastructure stability. Following several years of regulatory scrutiny, the exchange is focusing on building regulated fiat gateways in crypto-friendly jurisdictions like Bahrain. For high-net-worth individuals and institutional investors, the ability to move USD directly through the SWIFT network reduces reliance on third-party payment processors and mitigates counterparty risk. This move not only enhances liquidity for USD pairs on the platform but also solidifies Bahrain’s position as a burgeoning hub for regulated digital finance. As Binance continues to expand its "Crypto-as-a-Service" offerings, the line between digital assets and traditional banking continues to blur, paving the way for a more unified global financial landscape.

Posted Using INLEO