Binance Australia says banking disrupted after payment provider cuts off service

The Australian arm of Binance, the world’s largest crypto-currency exchange, on Thursday said some local customers will be unable to deposit or withdraw money after a third-party payment provider cut off its service.

Binance on social media said users are unable to make Australian dollar deposits by bank transfer with immediate effect. Withdrawals will also be cut off, it said, without detailing when.

“We are working hard to find an alternative provider to continue offering AUD deposits and withdrawals to our users,” Binance said in a statement.