Binance US announces the resumption of deposits and withdrawals from US dollars (USD), ending 18 months of suspension of its services. This reactivation occurs while the regulatory framework for cryptocurrencies is clarified in the United States.
Binance US again authorizes dollars transactions
On February 19, 2025, Binance US announced the complete reactivation of its services in US dollars. American customers can now make deposits and withdrawals via bank transfers (ACH), negotiate pairs in USD and link their bank accounts to the platform. The deployment will be gradually, allowing all eligible customers to access these services “in the coming days”.
This resumption Mark a major turning point for the Exchange which had suspended these services in June 2023, following the proceedings initiated by the SEC. At the time, Binance US was forced to restrict its operations in the face of what the company called “extremely aggressive and intimidating tactics” on the part of the regulator.
The initial suspension had led the Exchange to reposition itself temporarily as an “exclusively crypto scholarship”, significantly limiting its services to American users.
An evolution in a peaceful regulatory context
This reactivation of the services comes after a hectic period for Binance. In November 2023, the Exchange had agreed to pay a record fine of $ 4.3 billion for violation of anti-whiteness laws, an agreement which initially required its “complete withdrawal from the United States”.
Today, the situation seems to improve on the regulatory front. Indeed, negotiations with the SEC have progressed, as evidenced by the recent suspension of 60 days of legal proceedings, suggesting the possibility of an agreement.
Under the direction of Richard Teng, who succeeded Changpeng Zhao (CZ), Binance made regulatory compliance a priority. This approach seems to bear fruit, allowing the platform to gradually restore its services while maintaining its dominant position in the crypto ecosystem.
In short, the resumption of services in USD by Binance US marks a decisive step in the harmonization of relations between the actors of the crypto and the American authorities. This advance, combined with the efforts of the dry to establish a clearer regulatory framework, suggests a period of reinforced stability for the entire crypto sector in the United States.
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