Latest News

Binance.US suspends U.S. dollar deposits, to pause fiat withdrawal channels

Binance.US, the popular cryptocurrency trading platform established by Changpeng Zhao, the CEO of Binance, has recently announced the suspension of U.S. dollar deposits. This decision was made in order to safeguard their customers amidst mounting regulatory pressure. On Friday, the platform took to Twitter to inform its users about the upcoming pause in fiat withdrawal channels with its banking partners, which is set to take effect as early as June 13.

The move by Binance.US follows a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) on Monday. The SEC accused Binance entities and Changpeng Zhao of engaging in unregistered offers and sales of securities. In response to these allegations, Binance.US tweeted that the SEC has been employing aggressive and intimidating tactics as part of an ideological campaign against the American digital asset industry. The platform expressed that they and their business partners have also been targeted by these tactics, posing challenges for the banks they collaborate with.

Despite the regulatory hurdles, Binance.US assured its users that trading, staking, and deposits and withdrawals involving cryptocurrencies would continue unaffected. However, the platform will soon be delisting U.S. dollar trading pairs, although it plans to continue supporting stablecoin pairs.

In a separate action taken against Binance, the SEC requested a federal judge on Tuesday to freeze the assets of Binance.US. Responding to this development, Binance.US promptly tweeted to reassure users that their assets remain secure and unaffected by the situation.

This series of events demonstrates the intensifying regulatory landscape surrounding the cryptocurrency industry in the United States. Binance.US’s decision to suspend U.S. dollar deposits is a proactive measure aimed at ensuring the safety and protection of its valued customers. While facing challenges and scrutiny from regulatory authorities, Binance.US remains committed to providing a fully operational platform for trading, staking, and cryptocurrency transactions. As the situation evolves, it is important for users to stay informed and monitor any further updates from Binance.US regarding these regulatory developments.


Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.