Binance Australia today informed its clients that AUD deposits and withdrawals by bank transfer are no longer available to Binance users in Australia. The company has ceased all AUD trading pairs as of June 1.

The company issued the following message earlier today:

“Fellow Binancians,

We regret to inform you that AUD deposits and withdrawals by bank transfer are no longer available to Binance users in Australia. Binance has ceased all AUD trading pairs as of June 1. In order to facilitate withdrawals and trading activities after June 1, you can convert AUD balances to USDT.

You can still buy and sell crypto using credit or debit card and our Binance P2P marketplace will also continue to operate as usual.

We are working hard to find an alternative provider to continue offering AUD deposits and withdrawals to our users.

Rest assured that your funds are safe through the Secure Asset Fund for Users (SAFU), an insurance fund that offers protection to Binance users and their funds in the event of extreme situations”.