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BinanceUS, the US arm of Binance, announced in a blog post that it will be resuming USD services for eligible customers.
Accordingly, BinanceUS is resuming US dollar deposits and withdrawals for the first time in nearly two years.
According to the statement, zero-fee deposits and withdrawals via wire transfer (ACH ($0.04)) for Binance US customers will begin on Wednesday and will gradually roll out to all eligible customers in the coming days.
“USD services are back on Binance.US as of February 19, 2025, and the feature will gradually roll out to all eligible customers in the coming days.
This means you can deposit and withdraw USD by connecting a bank account, buy crypto via wire transfer (ACH), and enjoy trading USD pairs.”
The exchange first noted that it has opened USD trading for Bitcoin (BTC ($96,209.79)), XLM ($0.33), Dogecoin (DOGE ($0.25)), Solana (SOL ($172.54)), Ethereum (ETH ($2,704.98)), Cardano (ADA ($0.76)), HBAR ($0.21), SHIB ($0.00), SUI ($3.20), and Binance Coin (BNB ($654.75)).
The list of USD services is as follows:
“Deposit & Withdraw USD: Transfer money to Binance.US with zero fees by connecting a bank account in minutes. Fund your account.
Buy and Sell Crypto with USD: Complete your purchase using wire transfer (ACH).
Convert between crypto and USD: Instantly convert between USD and cryptocurrencies.
Trade USD pairs: Initially, we are restoring access to the following 10 USD trading pairs: BTC/USD, XLM/USD, DOGE/USD, SOL/USD, ETH/USD, ADA/USD, HBAR/USD, SHIB/USD, SUI/USD, and BNB/USD—with more on the way.
The exchange had suspended USD services on February 13, 2023, amid increased scrutiny from regulators.
*This is not investment advice.
Continue Reading: BinanceUS Resumes USD Trading After Two Years! Bitcoin, Ethereum and Eight Altcoins First on the List!
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