Binance.US Restores USD Deposits and Withdrawals Starting February 19

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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.