tl;dr
Binance.US has resumed USD deposits and withdrawals after 18 months. The company cites regulatory pressure, including an SEC lawsuit, as the reason for the suspension. The service will gradually become available to all eligible customers in the coming days. Users can now link their bank accounts to ...
Binance.US has restored USD deposits and withdrawals after 18 months, following regulatory challenges and an SEC lawsuit. The resumption of USD services positions Binance.US to challenge Coinbase's market share in the US. Users can now link their bank accounts to deposit or withdraw USD, purchase crypto using bank transfers, and trade on USD pairs. This move may help Binance.US regain market share and challenge competitors like Coinbase.
As USD services resume, Binance.US customers can now link their US bank accounts to the Binance account, buy and sell crypto directly using bank transfers, and trade 10 cryptocurrencies directly using USD, including Bitcoin, Steller, Solana, Ethereum, Dogecoin, Hedera, Shiba Inu, Cardano, Sui, and BNB.
Binance.US suspended its USD deposit and withdrawal services following an SEC lawsuit, leading its banking partners to halt USD transactions. Despite continued trading and crypto-related functions, users could no longer directly deposit or withdraw USD until new, compliant banking partners were secured. The resumption of USD deposits is likely driven by pro-crypto regulatory changes in the US.
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