Binance.US Restores USD Deposits
For the first time since 2023, Binance's independent U.S. arm is allowing U.S. bank transfers.
Binance.US has reintroduced the ability for customers to deposit and withdraw U.S. dollars using ACH bank transfers, following a suspension that lasted nearly two years due to legal action from Gary Gensler's SEC.
What’s the Scoop?
- Fiat Deposits Return: Binance.US customers can now deposit and withdraw U.S. dollars on the platform for the first time since June 2023.
- SEC Lawsuit Impact: Fiat functionality was initially suspended after the SEC filed a lawsuit against Binance.US for alleged securities law violations.
- Regulatory Developments: A new pro-crypto administration under Trump is creating optimism for a reset in the crypto industry, though Binance.US is still waiting for further regulatory clarity.
USD services are returning to https://t.co/AZwoBOgsqS!
— Binance.US 🇺🇸 (@BinanceUS) February 19, 2025
Access is rolling out over the coming days. Here’s what you can look forward to:
✅ Deposit and withdraw USD with 0% fees
✅ Buy crypto using bank transfer (ACH)
✅ Trade via popular USD pairs pic.twitter.com/weyayFJU1W
Bankless
It’s time to break up with your bank, and join the movement for a better world.
