Binance.US Reintroduces US Dollar Fiat Services for Customers
Binance.US has restored its US dollar fiat services after previous restrictions. Key points include:
- Fiat services will gradually roll out starting Wednesday, allowing users to deposit and withdraw USD via bank transfer (ACH) without fees.
- Users can trade over 160 cryptocurrencies on the platform.
- The exchange faced challenges due to SEC actions post-FTX, resulting in significant business losses and a workforce reduction of 70%.
- Binance.US was previously competitive with Kraken but experienced a decline in market position.
- The firm has restructured its operations and is positioned for improved service delivery.
- Binance.US operates as a separate entity from the global Binance platform.