Binance Australia has temporarily suspended AUD deposits and withdrawals via bank transfer, following an announcement made last month. The exchange had previously stated that it would no longer facilitate AUD bank transfers using PayID due to a decision made by the third-party payment service provider. However, Binance Australia users can still buy and sell crypto using credit or debit cards, and the exchange is actively seeking an alternative provider. Binance Australia has also experienced a recent drop in bitcoin trading prices compared to other exchanges, and had its derivatives license canceled by the Australian Securities and Investments Commission in April.