Binance Introduces SWIFT Bank Transfer Withdrawal Option for Greater Convenience

SWIFT Transfer Feature Launched

Binance has recently enabled USD withdrawals via SWIFT transfers, offering users a more seamless way to access their funds. The service, powered by BPay, typically takes 0-5 business days to complete, ensuring a smooth financial experience.

Background and Expansion of BPay

BPay Global, a subsidiary of Binance based in Bahrain, was established in April 2025 and received a PSP license from the Central Bank of Bahrain, highlighting Binance's growing footprint in traditional financial services.

Collaboration with BBK Bank

In addition, Binance has signed a memorandum of understanding with BBK, a leading bank in Bahrain. Together, they aim to deliver innovative financial solutions using Binance's 'Crypto-as-a-Service' technology to enhance customer experience.