Binance.US resolves delayed USD withdrawals; expects banking partners to halt option again

2023-6-23 01:57

Binance.US said in an email sent to customers on June 22 that it resolved nearly all delayed U.S. dollar withdrawals.

Warning of further limitations

Binance.US said it worked with its banking partners to re-enable USD withdrawals but also suggested the option will soon be removed again. The company wrote:

“While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future.”

Though it is seeking out new banking partners, Binance.US suggested that users should convert USD to stablecoins. It also warned users that it could automatically convert their USD balance to the Tether (USDT) stablecoin at a later date.

Binance.US said it expects most U.S. dollar withdrawal requests to be completed in five business days or less as usual. It instructed users who previously submitted failed withdrawal requests to submit those requests once again.

The company also noted that it would remove most USD advanced trading pairs while offering new USDT advanced trading pairs.

USD availability affected by SEC case

Binance.US and related companies were sued by the U.S. Securities and Exchange Commission on June 5. The SEC then asked the court to freeze company funds.

Though the SEC and Binance eventually reached an agreement regarding that issue, Binance.US saw its banking partners deny services before that agreement. Binance.US responded by announcing that its banking partners intend to halt all USD payment channels by June 13.

Though Binance.US is once again handling USD withdrawals for a short time, the platform’s status page suggests that USD deposits remain paused.

The post Binance.US resolves delayed USD withdrawals; expects banking partners to halt option again appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 241.57 (-100%)

withdrawals binance option again partners said usd

withdrawals binance → Результатов: 126


High-Octane Solana Network Forces Binance To Halt Withdrawals – What’s Brewing?

In a surprising twist, Binance, the crypto exchange behemoth, has hit the brakes on Solana (SOL) withdrawals due to a colossal surge in network activity. The Solana blockchain, known for its lightning-fast transactions, finds itself entangled in a web of congestion, prompting Binance to announce a temporary suspension of withdrawals, effective since March 4, 2024. […]

2024-3-7 18:00


Binance сообщила об окончании технических работ

Криптовалютная биржа Binance завершила технические работы, стартовавшие на её платформе сегодня в 05:00 МСК. #Binance System Upgrade Complete Trading activity will resume at 10:00 AM (UTC). From now until the commencement of trading, users will be able to cancel orders, process deposits, withdrawals, and use all other account-related functions.

2019-8-16 12:36


Based in Singapore? Binance now Allows you to Trade With Fiat

Global cryptocurrency exchange Binance has just announced that it is now supporting fiat currency deposits and withdrawals for its Binance Singapore users. The platform, which launched similar ventures earlier this year in Jersey and Uganda, will allow Singapore residents or Singapore citizens based overseas, to buy a number of cryptocurrencies with Singapore Dollars.

2019-7-11 19:02


Зачисление депозитов на биржу Binance станет быстрее

Криптовалютная биржа Binance в этот вторник сообщила об уменьшении числа подтверждений, необходимых для зачисления средств на счета пользователей в сетях двух ведущих криптовалют. . @binance has just cut the number of block confirmations needed to make withdrawals and deposits in two top cryptocurrencies.

2019-7-9 15:20