In a notable expansion of its fiat capabilities, Binance has launched USD deposits and withdrawals in Bahrain through BPay Global, a payment platform licensed by the Central Bank of Bahrain. This new integration provides Binance users in the country with seamless access to USD transfers, marking another step forward in the exchange’s global regulatory compliance efforts.
The move also includes a limited-time 1:1 USD to USDC conversion offer, making it easier and cheaper for users to interact with stablecoins on the platform.
How It Works: Banking with BPay Global
With this new feature, verified users in Bahrain can now fund their Binance accounts directly with USD or withdraw funds to local banks via BPay. The service comes with full backing from Bahrain’s central financial authority, ensuring a secure and regulated environment for fiat-to-crypto transactions.
The launch also benefits users looking to avoid fees or market slippage by taking advantage of Binance’s 1:1 USD–USDC exchange offer, allowing for smooth transitions between fiat and stablecoins.
A Strategic Step in the MENA Region
Binance’s partnership with BPay Global signals a deepening commitment to the Middle East and North Africa (MENA) region, where crypto adoption continues to rise. By offering localized banking services in a fully regulated framework, Binance is positioning itself as a key player in connecting traditional finance with crypto in compliant markets.
This update could pave the way for wider access to crypto services in Bahrain and potentially beyond, especially as other Gulf countries observe Bahrain’s proactive stance on crypto regulation.