Binance, one of the biggest crypto platforms in the world, has finally rolled out a direct crypto-to-fiat cash-out feature.

This new feature will allow users to convert their cryptocurrency to real money and send it directly to their bank accounts, and possibly, even e-wallet services which are popular in the countries the new feature is available.

Speaking of which, it is only available to seven countries, which includes the Philippines where a lot of people have started dabbling with crypto trading to make some extra cash.


Other than the Philippines, the new direct cash-out feature is also available in Vietnam, Pakistan, India, Hong Kong, Ghana, and Bangladesh.

Binance made the announcement after its banking partner, Signature Bank, said that it will end SWIFT transfers that are not more than USD100,000.

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