Binance.US has officially restored USD deposit and withdrawal services, marking a major milestone for the U.S.-regulated crypto exchange. This update allows users to transfer cash via bank transfers (ACH) without fees, significantly improving access to fiat on-ramps and off-ramps.
A Major Milestone for Binance.US
The return of USD services is a crucial step for Binance.US, which had been operating as a crypto-only platform since July 2023. The company’s leadership sees this as a pivotal moment in enhancing user experience and restoring full financial functionality.
Interim CEO Norman Reed expressed excitement about the relaunch, emphasizing the team’s dedication to reinstating fiat services. “We have been looking forward to the day that we would be able to offer full USD services again,” Reed stated, recognizing both the team’s efforts and customer support.
Zero-Fee Transactions for a Smooth User Experience
With the restoration of fiat services, Binance.US customers can now deposit and withdraw USD using ACH transfers at no cost. This change enhances liquidity for traders and investors, making the platform more competitive in the U.S. crypto space.
Chief Operating Officer Christopher Blodgett highlighted the seamless user experience enabled by these updates, ensuring that customers can efficiently move between fiat and crypto assets without processing fees.
Strengthened Compliance and Security
Binance.US continues to reinforce its position as a licensed and regulated U.S. crypto exchange. General Counsel Dan Wong reiterated the company’s commitment to compliance, security, and customer protection. The relaunch of USD services aligns with regulatory requirements, ensuring a safe and reliable environment for users.
Expanding Crypto Offerings and Staking Rewards
Since its inception in 2019, Binance.US has built a reputation for offering competitive trading options, staking rewards, and a vast range of cryptocurrencies. The platform supports over 160 digital assets, including both established and emerging tokens, and provides 0% BTC trading on select pairs.
With USD services now restored, Binance.US strengthens its position as a leading crypto exchange in the U.S., offering users a seamless, fee-free fiat experience while maintaining a commitment to innovation and compliance.
