Reminder: As we transition to a crypto-only exchange, will remove select USD Advanced Trading pairs from our platform on 6/26 at 8 p.m. This move shows that the market is moving toward becoming a place where only crypto is traded. But that date came and went without any problems happening.ĭue to the present situation, Binance.US has told customers whose withdrawal requests were denied to try again since the system works correctly.Īlso, Binance.US tells its users to consider using stablecoins, converting their USD, or withdrawing funds to keep dealing crypto-to-crypto. It also told users that its banking partners planned to shut down fiat withdrawal routes by June 13. To maintain its independence from, Binance.US restricted access to customer funds on the US-based exchange to its employees alone. In light of the exchange’s ongoing legal battle with the SEC, the platform temporarily halted US dollar deposits on June 9 and informed users of an impending halt to fiat withdrawal channels.īinance.US was given the green light to resume operations in the US after Judge Amy Bermant Jackson rejected the SEC’s request for a temporary blocking order on the exchange’s assets.
and our business partners have not been spared in the use of these tactics, which has created… /rlIe6swIoY- Binance.US 🇺🇸 June 9, 2023 The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. However, the exchange anticipates that its banking partners might end this service soon, resulting in potential withdrawal limitations. Binance.US grapples with banking partners over USD withdrawalsīinance.US has worked closely with its banking partners to resolve its USD withdrawal issue, but it has cautioned its customers that this resolution could be transient.Ĭurrently, users can withdraw USD on the platform without restriction. Customers have been warned by the exchange, nevertheless, that the alleviation might not last. The information was released just days after the exchange, and the US SEC agreed that their assets would not be frozen.īinance.US claimed that its system is still fully operational and that processing of USD withdrawal requests is expected to resume in five working days. The exchange claims the problems were resolved after consulting with its banking partners. As the rules about cryptos continue to change, the exchange wants to ensure it stays in line while giving its users clarity and help.Ĭustomers of Binance‘s US-based subsidiary, Binance.US, have been advised that the company’s issues with USD withdrawals have been fixed. Customers are told to resend their requests and think about stablecoins to trade one crypto for another.īinance.US, one of the most popular crypto exchanges in the US, has recently taken steps to address worries about the ability to withdraw USD and put out a warning about the possibility of stopping service.Some banking partners might cease offering the service to take USD.Binance.US fixed problems with withdrawing USD but warns of possible problems in the future.
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