Binance.US has resumed USD deposits and withdrawals after an 18-month suspension. As of February 19, U.S. customers can once again deposit and withdraw dollars via bank transfers (ACH).
👉 Discover seamless crypto trading with USD deposits
Key Features of Restored USD Services
- Bank Account Linking: Users can now connect their U.S. bank accounts to deposit/withdraw USD.
- Crypto Purchases: Buy cryptocurrencies directly via bank transfers.
- USD Trading Pairs: Trade on USD-supported pairs like BTC/USD and ETH/USD.
- Gradual Rollout: Services will be available to all eligible customers over the coming days.
Why Were USD Deposits Suspended?
Binance.US halted USD services in June 2023 due to:
- SEC Lawsuit: Allegations of operating as an unregistered securities exchange.
- Banking Partner Withdrawals: Financial partners paused USD transactions amid regulatory scrutiny.
The platform transitioned to a crypto-only model temporarily, maintaining trading functionality but disabling direct USD transactions until compliant banking solutions were secured.
Supported Cryptocurrencies for USD Trading
As of February 2025, 10 cryptocurrencies are tradable with USD:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Cardano (ADA)
- BNB
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
- Steller (XLM)
- Hedera (HBAR)
- Sui (SUI)
Regulatory Developments and Future Outlook
The SEC and Binance.US recently agreed to a 60-day stay in their lawsuit, signaling potential negotiations. The exchange stated:
"We hope this stay allows the SEC’s crypto task force to engage productively with Binance.US for a swift resolution."
Competitive Landscape
With USD services restored, Binance.US aims to reclaim market share against dominant U.S. exchanges like Coinbase and Kraken.
👉 Explore advanced trading tools for USD pairs
FAQs
1. When will USD services be fully available?
Rollout is ongoing; all users should gain access within days.
2. Are there fees for USD deposits/withdrawals?
Binance.US currently waives ACH transfer fees.
3. Which banks are supported?
Most U.S. banks with ACH capabilities are compatible.
4. Will more cryptocurrencies be added for USD trading?
The exchange plans to expand offerings based on demand and compliance.
5. How does this impact crypto liquidity?
USD reintegration is expected to boost trading volumes and liquidity.
6. Is Binance.US fully compliant now?
The platform is working with regulators to ensure adherence to U.S. laws.
For the latest updates, always refer to official Binance.US announcements. This content adheres to Google SEO best practices, including natural keyword integration (e.g., "USD deposits," "SEC lawsuit," "crypto trading") and structured headings for readability.
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