Binance.US Restores US Dollar Deposits and Withdrawals

Binance.US, a cryptocurrency exchange for US customers, has resumed US dollar deposit and withdrawal services after a halt since July 2023. These services are being restored gradually, with users able to transfer USD fee-free via bank transfer and trade over 160 cryptocurrencies. The company had lost significant business and staff due to regulatory pressure from the SEC, leading to a period of crypto-to-crypto only trading. Before the halt, Binance.US was among the top three largest US exchanges but experienced a decline. The exchange now has multiple banking partners facilitating these restored services. Binance.US operates independently from the global Binance platform.