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bitcoin
Bitcoin (BTC) $ 69,275.56
ethereum
Ethereum (ETH) $ 3,787.40
tether
Tether (USDT) $ 0.999664
bnb
BNB (BNB) $ 603.25
usd-coin
USDC (USDC) $ 0.999896
xrp
XRP (XRP) $ 0.538844
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.172476
cardano
Cardano (ADA) $ 0.460811
solana
Solana (SOL) $ 165.00
matic-network
Polygon (MATIC) $ 0.725617
polkadot
Polkadot (DOT) $ 7.42
tron
TRON (TRX) $ 0.113819
More

    Bybit suspends USD funds through financial institution switch

    Latest News


    • USD funds suspension impacts each nationwide and worldwide financial institution transfers.
    • Bybit can even pause USD withdrawals as from 10 March 2023.
    • Clients can nonetheless proceed to purchase crypto with credit score or debit playing cards.

    Bybit, one of many world’s main crypto exchanges, will probably be suspending the US greenback (USD) fee choice “till additional discover,” a discover issued to clients on Saturday detailed.

    The transfer follows the same one taken earlier this yr by Binance, the world’s largest crypto alternate. CoinJournal highlighted Binance’s announcement in early February, and not too long ago reported on how crypto-friendly financial institution Silvergate has more and more discovered itself in hassle amid issues about its solvency.

    Bybit suspends USD deposits and withdrawals

    In line with the crypto platform, the suspension of USD deposits is all the way down to service outages involving a associate. The alternate can even be halting USD withdrawals starting 10 March 2023.

    Now we have quickly suspended USD deposits through Wire Switch (together with SWIFT) resulting from service outages from our end-point processing associate till additional discover,” the crypto alternate notified its clients.

    Whereas customers can nonetheless withdraw USD through WireTransfer as much as 10 March, that choice will probably be quickly disabled on the famous dates. As an alternative, clients will have the ability to purchase crypto with bank card or withdraw cryptocurrencies to their pockets.

    Bybit has additionally introduced that it’s delisting a number of cryptocurrency buying and selling pairs. The spot buying and selling pairs whose help ends as of 10 March embrace NXD/USDT, POSI/USDT, GAS/USDT, and DRIV/USDT amongst others. 

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    The delisted tokens have failed to fulfill itemizing necessities, the alternate famous.

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