| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $82601.8700000000 |
| ETH | $1808.6820000000 |
| BNB | $590.9981800000 |
| XRP | $2.0502100000 |
| ADA | $0.6471295000 |
| SOL | $116.6787000000 |
| DOGE | $N/A |
| DOT | $4.0358100000 |
| LTC | $82.8466000000 |
| LINK | $12.7863900000 |
Category: CRYPTO NEWS
The post Binance.US Restores USD Services – XRP, BTC, SOL & ETH in Focus appeared on BitcoinEthereumNews.com. Binance.US has resumed USD deposits and withdrawals after an 18-month suspension caused by regulatory challenges. The exchange secured new banking partnerships, allowing users to trade USD pairs and access features. Binance.US has resumed both USD deposit and withdrawal operations after 18 months of suspension. Customers who are eligible for such transactions may undertake transfers through the bank, with options such as Automated Clearing House (ACH) options. This comes close on the heels of an address that led to the suspension of fiat currencies trading in June 2023. USD services are returning to https://t.co/AZwoBOgsqS! Access is rolling out over the coming days. Here’s what you can look forward to: ✅ Deposit and withdraw USD with 0% fees✅ Buy crypto using bank transfer (ACH)✅ Trade via popular USD pairs pic.twitter.com/weyayFJU1W — Binance.US 🇺🇸 (@BinanceUS) February 19, 2025 The suspension stemmed from a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), which accused Binance.US of operating without proper registration. The legal battle led to severe restrictions, causing the platform to transition into a crypto-only exchange in mid-2023. The return of USD services signals an effort by Binance.US to reestablish financial stability and regain user confidence. The exchange has stated that it will be a gradual operation, and they will be increasing service access over the next few days. Users can remit funds directly from their banking accounts to complete fee-free transactions, which makes them more convenient. Regulatory Landscape and Legal Challenges In light of the legal actions taken by the SEC against Binance.US for alleged securities law violations, its legal issues were severe. The lawsuit was targeted at the exchange and its head, Changpeng Zhao, which has led to the halting of USD operations. Therefore, Binance.US eroded drastically, reducing from 10% in fiat trading volume to 0,1% by early 2025. Regulatory issues were…
2025-02-22T04:39:08+00:00