Binance is making it easier for users to move between crypto and cash. The company today announced the rollout of direct USD deposits and withdrawals in more than 70 countries through BPay Global, a licensed payments provider regulated by the Central Bank of Bahrain and part of the Binance Group.
The move enables both retail and corporate users to directly fund their Binance fiat wallets and convert between USD and cryptocurrency with fewer barriers. Users can deposit via SWIFT bank transfers (with zero fees for deposits), or opt for credit/debit cards, Apple Pay, or Google Pay.
“After much anticipation, we are happy to offer our users direct on- and off-ramp for USD, the most used currency for transactions around the world,” said Thomas Gregory, Binance VP of Fiat. “Providing wider USD services allows us to further lower entry barriers to crypto with low costs and enhances the user experience within our platform known for its world-class security.”
Through BPay Global, Binance users gain access to a regulated fiat e-wallet that supports major currencies, including USD, letting them store funds independently and use them seamlessly across Binance’s ecosystem.
This announcement marks another step in Binance’s long-term effort to rebuild regulatory confidence while improving fiat accessibility. The company has increasingly leaned on its Bahrain-licensed arm, BPay Global B.S.C (c), to anchor its compliance-driven expansion, particularly after tightening rules in major markets.
For emerging markets like Kenya, where Binance maintains a growing user base, this update arrives at a time of major local crypto shifts. The country recently passed the Virtual Asset Service Providers (VASP) Bill, officially bringing digital asset exchanges under regulatory oversight for the first time. The move signaled Kenya’s willingness to create a clearer legal environment for crypto firms in a development that could benefit players like Binance seeking more formalized operations across Africa.
Earlier this year, Binance also spotlighted African women leaders in Web3 during its International Women’s Day 2025 campaign, part of its broader effort to position crypto as a driver for financial inclusion on the continent.
As Binance continues to push global crypto access through regulated channels, the company’s bet on Bahrain as a compliance hub and its latest USD integration may prove crucial in bridging traditional finance and crypto for millions of users worldwide.
