Binance.US has announced the reinstatement of USD deposits and withdrawals for eligible customers. The feature, which had been suspended for nearly two years, will gradually become available to all users in the coming days. This development allows users to deposit and withdraw funds via bank transfer (ACH), purchase cryptocurrency using USD, and trade across various USD trading pairs.
Binance.US Reinstates USD Deposits and Withdrawals
According to a recent blog post, Binance.US will restore USD deposits and withdrawals for the first time since 2023. The exchange confirmed that access to fiat transactions will be rolled out in phases. Users will be able to link their bank accounts to facilitate cash transfers with no fees.
This update follows the platform’s shift to a crypto-only exchange in 2023 after regulatory actions. Binance.US stated that bringing back fiat services is part of its commitment to offering a reliable trading experience. The company also emphasized that deposits and withdrawals would be available only to eligible users.
Earlier today, Binance CEO Richard Teng expressed optimism about the evolving crypto-friendly regulatory environment under President Donald Trump. In an interview with Bloomberg, Teng stated that the U.S. has moved away from restrictive policies toward a more inclusive approach to cryptocurrency regulations. He acknowledged that Binance.US is considering a comeback but emphasized the need for regulatory clarity before any decisions.
Trading Pairs and New USD Features
With the return of USD services, Binance.US will restore trading across multiple USD pairs. The exchange will initially support ten pairs, including BTC/USD, ETH/USD, SOL/USD, and ADA/USD. More pairs will be introduced over time.
Additional features include the ability to set up recurring buys and convert between USD and cryptocurrency instantly. Users can also stake over 20 Proof-of-Stake cryptos and place large orders through the OTC trading portal. The top crypto exchange noted that these updates aim to improve trading efficiency.
This Is A Developing Story, Please Check Back For More.
The post Just In: Binance US Set to Resume USD Services After Two Years appeared first on CoinGape.
