Binance.US has announced the reinstatement of USD deposits and withdrawals, nearly two years after suspending fiat services. The exchange will roll out access to eligible users in phases, allowing them to deposit and withdraw via bank transfers (ACH), purchase crypto with USD, and trade across various USD pairs.
The move comes after Binance.US transitioned to a crypto-only model in 2023 due to regulatory challenges. The company emphasized that restoring fiat services aligns with its commitment to providing a seamless trading experience. Eligible users can link bank accounts for fee-free transfers, while additional features like recurring buys and instant USD-to-crypto conversion will enhance platform functionality.
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Binance CEO Richard Teng commented on the evolving U.S. regulatory landscape, citing a shift toward more crypto-friendly policies under President Donald Trump. He suggested that the regulatory environment is becoming more conducive to exchanges like Binance.US, though clarity remains a key factor in long-term operational decisions.
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With the return of USD services, Binance.US will initially support trading across ten fiat pairs, including BTC/USD, ETH/USD, SOL/USD, and ADA/USD, with more to be added later. Users will also gain access to over-the-counter (OTC) trading and staking for more than 20 Proof-of-Stake cryptocurrencies.
This remains a developing story, and further updates are expected.
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