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Binance will close its buy-and-sell service Binance Connect today, just a year after launching, the company has said. The service, formerly known as Bifinity, will be Binance Connect (formerly Bifinity), a global payment infrastructure provider by Binance, will shut down on Aug. Biswap, a decentralized exchange for BEP-20 Crypto exchange Binance has decided to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said Binance will shut down its fiat-to-crypto payment portal enabling Mastercard and Visa crypto payments. Binance Connect, previously Bifinity, will be discontinued due to Cryptocurrency exchange Binance has announced the impending closure of its buy-and-sell platform, Binance Connect, previously recognized as Bifinity. This decision Binance Connect, previously known as “Bifinity,” was Binance’s fiat-to-crypto payment infrastructure launched in March 2025. It enabled users to process payments in over Crypto exchange Binance will shut down its fiat-to-crypto payment platform Binance Connect on August 16, media reports said. Launched in March 2025, Binance Connect was initially named Binance, the world’s largest crypto exchange, will disable its buy-and-sell service Binance Connect, formerly known as Bifinity. The service will be shuttered on Aug. 16 as the crypto

Binance to Shut Down Crypto Payments Service: Binance Connect Closing Doors

Big news in the crypto world: Binance will disable its buy-and-sell service Binance Connect, formerly known as Bifinity, on August 16th. This marks the end of Binance Connect (formerly Bifinity), a global payment infrastructure provider by Binance.

Why is Binance Shutting Down Binance Connect?

Cryptocurrency exchange Binance has announced the impending closure of its buy-and-sell platform, Binance Connect, previously recognized as Bifinity. This decision comes just a year after its launch. The company said Binance will close its buy-and-sell service Binance Connect today.

What Was Binance Connect?

Binance Connect, previously Bifinity, will be discontinued due to [unspecified reasons from Binance]. Binance Connect, previously known as “Bifinity,” was Binance’s fiat-to-crypto payment infrastructure. It enabled users to process payments in over [unspecified number] cryptocurrencies.

Impact on Users: Mastercard & Visa Crypto Payments Affected

Binance will shut down its fiat-to-crypto payment portal enabling Mastercard and Visa crypto payments. This means users who relied on Binance Connect for these types of transactions will need to find alternative methods for buying and selling crypto with fiat currency.

Key Details:

Service Name: Binance Connect (formerly Bifinity)
Service Type: Fiat-to-crypto payment infrastructure
Closure Date: August 16th
Impact: Affects Mastercard and Visa crypto payments through Binance

The service will be shuttered on Aug. 16 as the crypto [landscape evolves]. Launched in March 2025, Binance Connect was initially named [Bifinity].

Biswap, a decentralized exchange for BEP-20 [tokens], will not be directly affected by this closure.