Binance.US Resumes Operations ? After Nearly Two Years

USD Services Restored
Binance.US has reopened USD deposits and withdrawals via bank transfer (ACH) for the first time since 2023. Users can now link bank accounts to buy crypto, withdraw funds, and trade on USD pairs. The service will roll out gradually to all eligible customers.

Why Were Deposits Suspended?
The platform halted USD transactions in June 2023 after the SEC sued Binance.US for operating as an unregistered securities exchange. This led banking partners to cut ties, forcing Binance.US to switch to a crypto-only model.

Regulatory Shift and Market Impact
The return of USD deposits follows recent regulatory developments in the US. Binance.US is still navigating legal challenges but hopes this move will help regain market share. Meanwhile, Coinbase and Kraken remain the country’s largest crypto exchanges.