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Binance Bahrain, SGB Launch Direct USD Rail for Retail Users With Instant Transfers

Access rolls out to eligible customers under Bahrain's regulatory regime.

Overview

  • Retail customers can link Singapore Gulf Bank accounts to Binance Bahrain wallets for seconds‑fast USD deposits and withdrawals with fiat‑to‑crypto conversion in a single flow.
  • This is the first time direct U.S. dollar banking rails on Binance Bahrain extend beyond corporates and high‑net‑worth clients to everyday users.
  • Users complete a one‑time linkage as SGB Link and Binance manage backend processes to reduce intermediaries and friction.
  • Company leaders point to Bahrain’s Economic Vision 2030 and a supportive central bank as drivers for the bank‑to‑exchange integration.
  • Rollout is phased and contingent on eligibility checks, KYC/AML standards, and local regulatory requirements, with compliance emphasized throughout.