The crypto exchange resumes fiat services following a regulatory pause.
Binance.US Reopens USD Transactions
For the first time since June 2023, Binance.US has reinstated U.S. dollar deposits and withdrawals. Regulatory pressure had previously forced the exchange to halt fiat services, leaving users with only crypto-based transactions. Eligible customers can now deposit and withdraw USD via bank transfer and trade crypto using USD pairs.
SEC Lawsuit Led to Fiat Suspension
The SEC filed a lawsuit against Binance.US in June 2023, accusing the exchange of violating securities laws. Allegations included operating unregistered entities, inflating trading volumes, and misleading investors about surveillance controls. In response, Binance denied the claims, calling them “without merit.”
Regulatory Developments and Settlement Talks
In November 2023, Binance founder Changpeng Zhao stepped down and agreed to a $50 million fine as part of a plea deal. Binance also admitted guilt and paid $4.3 billion in fines. By February 2025, the SEC and Binance had requested a 60-day pause in the lawsuit, signaling a potential resolution and a shift in U.S. regulatory attitudes toward crypto.
What This Means for Binance.US Users
With USD transactions restored, Binance.US customers now have broader financial options. This move suggests growing stability for the platform and a step toward regulatory reconciliation, potentially reshaping the exchange’s future in the U.S. market.
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