Binance Australia (Binance Australia) tweeted that Binance users in Australia can no longer make Australian dollar deposits and withdrawals via bank transfers. From June 1st, Binance has stopped all AUD trading pairs. To facilitate withdrawals and trading activities after June 1st, users can convert their AUD balances to USDT. Users will still be able to buy and sell cryptocurrencies using credit or debit cards, and Binance Australia’s P2P marketplace will continue to operate as usual. Additionally, Binance Australia is looking for alternative providers to continue offering deposits and withdrawals in Australian dollars to users. User funds are secured through the Safe Asset Fund for Users (SAFU), an insurance fund that provides protection for Binance users and their funds in extreme cases.