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Binance suspended US dollar deposits in June 2023, shortly after being sued by the SEC.
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Binance.US, the US-based affiliate of global cryptocurrency exchange Binance, has resumed US dollar deposits and withdrawals following nearly 18 months of restrictions, citing regulatory clarity.
US dollar services are back on Binance.US for US customers, including deposits and withdrawals via bank transfer (ACH), according to a Feb. 19 announcement from Binance.
“This means you can deposit and withdraw USD by linking a bank account, buy crypto via bank transfer (ACH), and enjoy trading on USD pairs,” the company stated.
The services will “gradually roll out to all eligible customers in the coming days,” the announcement added.
List of US dollar services. Source: Binance
In June 2023, the US Securities and Exchange Commission (SEC) sued Binance, accusing the firm of failing to register Binance.US as an exchange. Binance.US suspended US dollar deposits shortly after the lawsuit was filed.
Related: Bitcoin’s price movement ‘looks very manufactured’ — Samson Mow
This is a developing story, and further information will be added as it becomes available.
This article first appeared at Cointelegraph.com News
