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News Explorer — Binance.US Suspends USD Deposits, Fiat Withdrawals to be Paused From June 13

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Jun 9, 3:28 am

The Block

Binance.US Suspends USD Deposits, Fiat Withdrawals to be Paused From June 13

Binance.US has announced that its banking partners will stop processing its dollar payments as early as next week. The exchange is suspending USD deposits and delisting USD pairs, while encouraging customers to withdraw USD via bank transfer by June 13, 2023. Binance.US is also taking proactive steps to transition to a crypto-only exchange, maintaining 1:1 reserves for all customer assets.

Binance.US has announced that its banking partners will stop processing its dollar payments as early as next week. The exchange is suspending USD deposits and delisting USD pairs, while encouraging customers to withdraw USD via bank transfer by June 13, 2023. Binance.US is also taking proactive steps to transition to a crypto-only exchange, maintaining 1:1 reserves for all customer assets.

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