Published
03/29/2026, 17:00The cryptocurrency exchange Binance plans to launch a service in Kyrgyzstan in mid-April that will allow users to deposit and withdraw funds in the national currency directly through banks. This was announced by the company’s regional representative, Kirill Khomyakov, during a presentation at Crypto Jazz at the American University of Central Asia.
According to him, the new integration will allow users to conduct transactions “in just a few clicks”: when depositing, users will need to select a deposit in soms, confirm the transaction with their bank—after which the funds will be credited to their account with virtually no fees. A similar mechanism will apply to withdrawals.
A key feature is the automatic conversion to the national stablecoin, which can be used for storage or investment without additional operations on the platform.
“Integration with the banking sector will allow us to close the full cycle of financial operations within the ecosystem—from payments and transfers to deposits and withdrawals,” Khomyakov believes.
Kyrgyzstan remains one of Binance’s priority markets in the CIS. As Khomyakov noted, one in nine adults in the country is already a user of the platform.
At the same time, the company is developing other areas. In particular, in collaboration with Bakai Bank, QR code payments using cryptocurrency have already been launched. Additionally, the launch of bank cards is expected in the near future.
