“Thank you for your continued support as we fight for a path forward for those who want a thriving digital asset marketplace in America.” “Until we secure more stable banking partners, Binance.US will remain a crypto-only exchange - at least for a time,” they said. “Cryptocurrency services remain fully operational, including: crypto trading, staking, deposits and withdrawals,” they wrote. dollar-denominated trading pairs such as BTC-USD, but will continue to support stablecoin pairs such as BTC-USDT. ![]() “Any USD balances remaining on the platform after June 15th, 2023 may be converted to stablecoin that can be withdrawn on-chain,” they said.īeginning June 12, the exchange will start delisting U.S. The exchange will also be suspending USD deposits and recurring buy orders effective immediately, though they said any deposits already initiated will be processed. “Due to elevated volumes and weekend bank closures, ACH withdrawals may take longer than usual to process,” they said. “n light of the Commission's increasingly aggressive tactics, our payment and banking partners have signaled their intent to pause USD fiat channels as early as June 13, 2023, meaning our ability to accept USD fiat deposits and process USD fiat withdrawals will be impacted,” they wrote, adding that they are notifying users promptly so they can “take necessary actions as we transition to a crypto-only exchange.”īinance.US has encouraged customers to withdraw their USD via bank transfer by June 13th, 2023. dollar deposits and withdrawals.īinance.US published a post on Twitter late Thursday announcing that they would become a crypto-only exchange. As a result of the freeze, Binance.US can no longer continue to process U.S. The following day, a United States District of Columbia court granted the SEC’s request for an emergency restraining order to freeze the assets of Binance.US. Securities and Exchange Commission (SEC) filed a 13-charge lawsuit against Binance and its CEO, Changpeng Zhao (CZ) accusing them of operating an illegal securities trading platform in the U.S. Sign up here!īinance.US, the American arm of the world’s largest crypto exchange, will no longer process U.S. ![]() Receive a comprehensive recap of the day's top stories directly to your inbox. Get all the essential market news and expert opinions in one place with our daily newsletter.
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