Crypto exchange Binance is temporarily suspending U.S. dollar bank transfers starting on February 8th, the company confirmed to CoinDesk on Monday.

"We are temporarily suspending USD bank transfers as of February 8th," wrote a Binance spokesperson, noting just 0.01% of monthly active users use USD bank transfers. "Affected customers are being notified directly."

"In the interim, all other methods of buying and selling crypto remain unaffected, including bank transfer using one of the other fiat currencies supported by Binance (including Euros), buying and selling crypto via credit card, debit card, Google Pay and Apple Pay and via our Binance P2P marketplace," the spokesperson concluded.

Affected customers are being notified directly. It’s worth noting that only 0.01% of our monthly active users leverage USD bank transfers, but that we are working hard to restart service as soon as possible.In the interim, all other methods of buying and selling crypto remain unaffected, including bank transfer using one of the other fiat currencies supported by Binance (including Euros), buying and selling crypto via credit card, debit card, Google Pay and Apple Pay and via our Binance P2P marketplace.

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