In what is a critical moment for the platform, Binance US has officially resumed USD deposits and withdrawals for the first time in two years. Indeed, the platform has announced the restoration of the service this month after it was halted in June of 2023.
In a recently released 2025 guide, Binance US notes that the “feature will gradually roll out to all eligible customers in the coming days.” The feature was suspended following a US Securities and Exchange Commission (SEC) lawsuit that alleged the violation of securities laws.
JUST IN: 🇺🇸 Binance US resumes USD deposits and withdrawals for the first time since 2023.
— Watcher.Guru (@WatcherGuru) February 19, 2025
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Binance US Brings Back USD Deposits and Withdrawals After Shelving Feature in 2023
Just two months into the year, 2025 has been defined by its ongoing cryptocurrency shift. This was marked by the return of US President Donald Trump to the White House. Indeed, his pro-crypto policy has completely overhauled the government’s approach. Moreover, that has pushed a host of entities to embrace a return to operations in the country.
There was no shortage of firms that fell victim to the previous administration’s regulation through an enforcement approach that governed the SEC. Indeed, one such firm has brought back a key feature not seen in two years. Specifically. Binance US has officially resumed its USD deposits and withdrawal feature, according to a new blog post.
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Binance US has announced access to zero-fee deposits and withdrawals through ACH bank transfers will be available starting Wednesday. Additionally, users will be able to stake crypto, convert crypto dust, claim a crypto domain, and place OTC trades in a host of new features coming to the platform.
“We are thrilled to restore fiat rails as we accelerate with increased momentum in the new year,” interim CEO Norman Reed said. “This marks one of the most improbable chapters for Binance US since July 2023,” he added. “We have been looking forward to the day that we would be able to offer full USD services again.”