Binance.US Restores USD Services After Lengthy Regulatory Roadblock
Posted On February 19, 2025
Binance.US has restored its U.S. dollar deposit and withdrawal services, gradually rolling out access to eligible customers after being unable to process fiat transactions under the regulatory climate in the Joe Biden administration.
What Happened: Users will be able to transfer funds via ACH bank transfers without fees and continue trading, converting, and buying over 160 cryptocurrencies on the platform, according to the exchange.
The exchange, which has operated as a crypto-only platform since July 2023, faced severe restrictions following regulatory scrutiny from the Securities and Exchange Commission …
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