Binance.US Restores USD Deposits and Withdrawals Starting February 19
Binance.US has resumed deposits and withdrawals of the US dollar (USD), effective February 19. The rollout will occur gradually for eligible customers.
Key Features Available
- Buy and sell cryptocurrencies using USD
- Direct bank account funding
- Convert existing tokens to USD
- Recurring buys
- Trade USD pairs
- Staking options for earning rewards
- Support for over 20 digital assets, including Ethereum, Solana, Binance Coin, and Polkadot
- Over-the-counter trading and API-based trading services
- Institutional services for corporate investors
- Zero-fee trading initiative for Bitcoin
Background on USD Suspension
The resumption follows a lawsuit filed by the US Securities and Exchange Commission (SEC) in 2023, alleging that Binance.US offered securities without proper authorization. This led to a suspension of fiat transactions and revocation of money transmitter licenses in several states.
After navigating regulatory challenges, Binance.US is re-entering the market with fiat capabilities, enabling local currency trading for customers.