Binance.US restores USD deposits and withdrawals after two-year suspension
Suspension lifted as the platform eyes a transformative year with enhanced trading and investment facilities.
Key Takeaways
- Binance.US has resumed USD deposits and withdrawals on February 19, 2025, after a two-year suspension.
- The platform now offers 10 USD trading pairs and features like zero-fee bank transfers and automated purchase options.
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Binance.US has resumed USD deposits and withdrawals on February 19, 2025, following a two-year suspension of these services. The crypto exchange is gradually rolling out the feature to eligible customers.
The restored USD services include zero-fee bank transfers, crypto purchases via ACH, instant conversions between crypto and USD, and automated recurring purchase options through the “Auto-Buy” feature.
The platform now allows users to link bank accounts for USD transfers, with access to 10 USD trading pairs at launch: BTC, XLM, DOGE, SOL, ETH, ADA, HBAR, SHIB, SUI, and BNB.
Additional features available on the platform include staking rewards for over 20 proof-of-stake crypto assets, crypto dust conversion for balances under $20, custom crypto domain services, and OTC trading for large orders up to $10,000.
The company suspended USD services in 2023 amid regulatory scrutiny, including a lawsuit from the Securities and Exchange Commission.
In July 2024, Binance reinstated Mastercard payments for crypto purchases and resumed Binance-branded Visa card functionality, enhancing compliance and security measures.
Last December, Interim CEO Norman Reed expressed optimism about the platform’s future, projecting 2025 as a “breakout year” for Binance.US.
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