Breaking News: Users of a leading exchange can now withdraw USD directly via bank transfer (SWIFT). This new service is supported by BPay, with funds typically arriving within 0-5 business days.

The background appears to be as follows: BPay Global is a payment service subsidiary established by the exchange in Bahrain, officially founded in April 2025, and has obtained a Payment Service Provider (PSP) license issued by the Central Bank of Bahrain (CBB). With this license, it essentially gains a compliant status to provide payment services locally.

For users, this means an additional option for USD withdrawals. As a standard channel for global bank transfers, SWIFT may not be instant, but the process is clear and transparent, reducing some uncertainties caused by intermediaries. Especially for users who need to regularly settle foreign exchange or conduct cross-border fund operations, this direct bank connection can address some practical pain points.

This also reflects the ongoing investment by leading exchanges in payment infrastructure—by establishing local entities and obtaining licenses in different jurisdictions, they are gradually improving the global deposit and withdrawal system. As compliance requirements become stricter, such practices seem to have become industry standard.