TLDR:
- Binance Bahrain and SGB introduce direct USD bank transfers, cutting intermediaries and enabling faster fiat-to-crypto flows.
- The service gives retail users in Bahrain direct access to crypto through seamless USD transfers linked to SGB accounts.
- Customers can move funds between SGB and Binance wallets in seconds, improving fiat-to-crypto efficiency.
- The partnership aligns with Bahrainโs Economic Vision 2030 to strengthen its fintech and digital finance ecosystem.
Binance has teamed up with Singapore Gulf Bank (SGB) to launch direct USD transfers for retail customers. The collaboration allows users to link their SGB accounts to Binance Bahrain and move money between the two platforms almost instantly.ย
Customers will be able to deposit or withdraw USD directly and then convert to digital assets in one streamlined flow.
Binance Expands Retail Access to Crypto
The move builds a direct bridge between traditional banking and digital assets. Retail users now have access to services previously reserved for high-net-worth individuals and corporations. Binance said the partnership reflects Bahrainโs drive to strengthen its role as a regional financial hub.
According to a post shared by Singapore Gulf Bank on X, the initiative provides instant transfers, seamless onboarding, and transparent pricing. The bank described it as a step toward building regulated and trusted connections between banking and crypto services.
๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐ฎ๐ป๐ฑ ๐ฆ๐๐ ๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ ๐๐ผ ๐๐ฎ๐๐ป๐ฐ๐ต ๐๐ถ๐ฟ๐ฒ๐ฐ๐ ๐จ๐ฆ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ณ๐ฒ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฅ๐ฒ๐๐ฎ๐ถ๐น ๐๐๐๐๐ผ๐บ๐ฒ๐ฟ๐@binance Bahrain and Singapore Gulf Bank (SGB) have partnered to deliver direct USD transfers for retail customers, making it easier andโฆ pic.twitter.com/1llnlx4AwC
— Singapore Gulf Bank (@SGB_app) September 9, 2025
Executives from both companies pointed to Bahrainโs supportive regulatory framework as a driving factor. The Central Bank of Bahrain has positioned the Kingdom as an early adopter of regulated digital finance.
USD Bank Transfers for Retail Crypto Users
The partnership introduces direct bank-to-exchange rails, reducing friction for customers moving funds between traditional accounts and Binance wallets.ย
Users can link accounts once and then use a single process to deposit or withdraw USD. This method reduces reliance on third-party intermediaries, giving customers faster access to crypto.
Binance Bahrainโs General Manager, Tameem AlMoosawi, said the rollout supports Bahrainโs Economic Vision 2030. He noted that the program aims to foster innovation while empowering users to access crypto markets securely.
Shawn Chan, CEO of SGB, said the service known as SGB Link is designed to build confidence in retail adoption. He described it as a regulated and efficient solution that aligns with the fast growth of digital assets in the Gulf region.
The companies emphasized compliance in the rollout. Availability will depend on eligibility checks and local regulations, according to the announcement. This ensures that users meet the necessary requirements before gaining access to instant transfers.
The post Binance and SGB Roll Out Direct USD-to-Crypto Bridge for Retail Customers appeared first on Blockonomi.
Source: https://blockonomi.com/binance-and-sgb-roll-out-direct-usd-to-crypto-bridge-for-retail-customers/