USD payments suspension affects both international and national bank transfers.
Bybit will also stop USD withdrawals beginning 10 March 2023.
Customers can still buy crypto using credit or debit card.

Bybit, one of the world’s leading crypto exchanges, will be suspending the US dollar (USD) payment option “until further notice,” a notice Customers will be notified on Saturday detail

The move follows a similar one taken earlier this year by Binance, the world’s largest crypto exchange. CoinJournal highlighted Binance’s announcement in early February, and recently reported on how crypto-friendly bank Silvergate has increasingly found itself in trouble amid concerns about its solvency.

Bybit suspends USD withdrawals and deposits

According to the crypto platform the reason for the suspension of USD deposits was due to service outages that involved a partner. USD withdrawals will be stopped by the exchange starting 10 March 2023.

“We have temporarily suspended USD deposits via Wire Transfer (including SWIFT) due to service outages from our end-point processing partner until further notice,” the crypto exchange notified its customers.

Although users can withdraw USD via WireTransfer for as long as 10 March, this option will be temporarily disabled during the dates. Customers will instead be able buy crypto with a credit card or withdraw cryptocurrency to their wallet.

Notice regarding Suspension USD Payments via Bank Transfer

You can continue making USD deposits through the Advcash Wallet or you may buy cryptocurrencies using your credit card via our One-Click Buy Page.

More details here: https://t.co/Roae3T4pYJ #Bybit #TheCryptoArk pic.twitter.com/XAUI2AeDJC

— Bybit (@Bybit_Official) March 4, 2023

Bybit also offers announced It has delisted several cryptocurrency trading pairs. Spot trading pairs that have been removed from support as of March 10th include NXD/USDT and POSI/USDT. GAS/USDT and DRIV/USDT are also affected.

The exchange stated that the tokens delisted had not met listing requirements.