2026-01-17 06:57:01

There are reports that a leading exchange platform has launched a new feature allowing bank transfers (SWIFT) to withdraw USD. Users can now directly withdraw USD funds through this channel, and the entire transfer process takes 0-5 business days.

This service is provided by a professional payment company. This payment company is actually a subsidiary of the exchange established in Bahrain, mainly engaged in payment services. Importantly, this company was founded in April 2025 and quickly obtained a Payment Service Provider (PSP) license from the local financial regulatory authorities.

From this move, it appears that the exchange is continuously enhancing its deposit and withdrawal experience. The launch of the bank transfer channel means users have more withdrawal options, especially for those who need to receive fiat currency directly, which is indeed a positive development. Additionally, Bahrain, as one of the financial centers in the Middle East, obtaining a regulatory license there also reflects the exchange's progress in its global compliance strategy.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
7
Repost
Share

Comment

0/400

DEXRobinHood

· 8h ago

Uh... getting a PSP license just in April is incredibly efficient!

View OriginalReply0

Ramen_Until_Rich

· 8h ago

Damn, finally there's an official channel for withdrawals. It was such a hassle to withdraw USD before.

View OriginalReply0

GasFeeLover

· 8h ago

Haha, this move does have some substance, but is it really possible for a newly established subsidiary in Bahrain to get a license so quickly? I'm a bit skeptical. Can it really be credited within 0-5 business days? The previous promises didn't seem to keep up either. Having more withdrawal channels is indeed good, but I'm just worried it might be another scam to fleece investors. Their compliance and strategic layout are quite elaborate, but I still trust on-chain transfers more—it's more hassle-free.

View OriginalReply0

wrekt_but_learning

· 8h ago

Sisters, this round is really good, finally able to withdraw directly in USD Wait... the company in Bahrain was only established in April... this license is too fast, isn't it? SWIFT withdrawals take 0-5 days, much more reliable than those third-party payment methods before To be honest, it's clear that they are putting effort into compliance and layout But still, let's keep an eye on it, afraid it might be another new trick to harvest retail investors

View OriginalReply0

OldLeekMaster

· 8h ago

Bank card withdrawals are once again introducing new tricks, this time in Bahrain. The speed is really fast... But on the other hand, why is the time frame of 0-5 working days so variable?

View OriginalReply0

HalfBuddhaMoney

· 8h ago

Wow, the Bahrain subsidiary just got its license in April? That's a bit too fast. --- SWIFT withdrawals take 0-5 business days, much more reliable than those third-party channels before. --- It's Bahrain again... This exchange is really expanding globally. --- Having more fiat on-ramps is indeed great; finally, no more roundabout methods. --- By the way, this subsidiary is so new, how's its stability? Has anyone tested it? --- Getting a PSP license so quickly—either they have great connections or the funds are in place, haha. --- Withdrawing USD directly via SWIFT, now that's what a major institution should do. --- The Middle Eastern financial hub label is really useful; it feels like everything can be established there.

View OriginalReply0

consensus_failure

· 8h ago

0-5 business days? Not bad, much better than before... But is the newly established payment company in Bahrain reliable?

View OriginalReply0