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Fortune
Fortune
Leo Schwartz

Binance suspends bank transfers of U.S. dollars

(Credit: Ben McShane—Getty Images)

After a stretch that has seen the world’s biggest crypto exchange bleed billions of dollars in assets, Binance announced today that customers would no longer be able to transfer U.S. dollars from bank accounts into the exchange to buy and sell cryptocurrency.  

A Binance spokesperson told Fortune that the company was temporarily suspending transfers as of Feb. 8, and would be notifying affected customers directly, adding that the change would affect only 0.01% of the exchange’s monthly active users.  

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