Binance.US Restores ‘Full USD Services’ After 19 Months and No Banks

Date:

February 19, 2025

Binance.US, the U.S. affiliate of leading crypto exchange Binance, said on Wednesday that its ability to service customers through bank accounts has been fully restored.

Operating for the past 19 months as a “crypto-only” exchange, Binance.US’s Interim CEO Norman Reed described the development as a welcome shift in a written statement.

“We were forced to begin operating as a crypto-only platform,” Reed said. “We have been looking forward to the day that we would be able to offer full USD services again.”

In June 2023, Binance.US stopped accepting and processing fiat-based deposits and withdrawals. In a post on X (formerly known as Twitter), the company claimed that it had been impacted by “aggressive and intimidating tactics” at the Securities and Exchange Commission.

The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset…

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Binance.US Restores ‘Full USD Services’ After 19 Months and No Banks

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