Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
The Coin Rise 2025-02-19 21:30:09

Binance.US To Resume U.S. Dollar Services After 2-Year Pause

Binance.US To Resume U.S. Dollar Services After 2-Year Pause

Binance.US, the exchange’s subsidiary in the United States, is making a major change to its trading structure. After almost two years, the trading platform returns U.S. dollar deposits and withdrawals. Since mid-2023, the platform has only allowed crypto transactions. Now, users can deposit and withdraw dollars again. According to a report, the process starts on Wednesday with zero-fee ACH transfers. It will gradually be available to all eligible users. Why Binance.US Stopped Dollar Transactions And The Aftermath In June 2023, Binance.US was forced to suspend deposits and withdrawals in dollars after the U.S. Securities and Exchange Commission (SEC) sued Binance, its U.S. branch, and its co-founder, Changpeng Zhao. The SEC accused them of breaking securities laws. As a result, banks became hesitant to work with Binance.US, which led to difficulties in maintaining banking relationships. The platform could not operate without dollar transactions, greatly affecting its market presence. Without dollar transactions, Binance.US market shares struggled. Before the ban, it controlled about 10% of the U.S. dollar crypto market. By January 2025, this dropped to only 0.1%. The company had to lay off one-third of its workers last year. Additionally, its President and CEO, Brian Shroder, left the company in September 2023 as the business faced uncertainty. Despite these challenges, Binance.US continued to provide access to over 160 cryptocurrencies. Nevertheless, it kept hoping for the chance to bring back full services. Legal Issues and a Temporary Pause in the Case Binance.US is recovering, but its legal case with the SEC is not over. A judge in Washington, D.C., recently paused the case for 60 days. The SEC is now taking a different approach to crypto regulations. Instead of strict enforcement, they are working on clearer rules. This shift is based on installing a new pro-crypto administration in the U.S. This could influence Binance.US’s case and the future of crypto in the U.S. What This Means for Binance.US Customers Now that dollar services are back, users can deposit and withdraw money easily. Binance.US is working to regain customer trust and grow its user base. The company is committed to following rules and protecting customers while offering a smooth transfer of funds. The post Binance.US To Resume U.S. Dollar Services After 2-Year Pause appeared first on TheCoinrise.com .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
610
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.