Silvergate Bank will no longer be supported

Guys, did anyone receive the following email from Binance:

[Important] Silvergate Bank will no longer be supported

Fellow Binancians,

From 11 June 2021 (UTC 23:59) USD deposits and withdrawals over SWIFT through Silvergate Bank will be discontinued.

Rest assured, we are working hard to provide an alternative USD solution.

In the meantime you may use the following channels:

• Other available bank transfer options (eg: EUR (SEPA), GBP (FPS), AUD, RUB, BRL,...) via “Buy Crypto” > “Bank Deposit” and selecting the corresponding currency. You may also enjoy ZERO fees when making EUR or GBP deposits.
• Local alternative payment methods that are available in your country
• Debit / Credit card purchase
• P2P

Note: USD deposits made to our Silvergate Bank account after 11 June 2021 (UTC 23:59) will be returned to your account within 21 working days. The returned amount may be lower due to external bank fees involved.

Thank you for your understanding and support.

Binance Team

09 June 2021

Risk Warning: Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, purchase objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence.

Binance Team
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