- The exchange cited pressure from the SEC
- The platform was left without the support of banking partners
- You need to withdraw USD from the site before June 13, after which ACH will be unavailable
This morning, June 9th, Binance.US announced that it is suspending the processing of USD deposits. In addition, platform customers must withdraw fiat through an automated clearing house (ACH) by June 13th.
The reason is pressure from the Securities and Exchange Commission (SEC) on the unit’s banking partners.
“As a result, in an effort to protect both traders and our site, today (June 9) we are suspending deposits in USD. We also notify you that our financial partners are ready to block fiat channels as early as June 13, and we urge you to take appropriate measures. says in the official circulation of the exchange.
The company assured that all user assets are completely safe and will be available for withdrawal even after June 13 at a ratio of 1:1. To do this, you can use, for example, a P2P service.
The platform continues to operate normally. Binance.US urged not to regard this as a signal that the platform was liquidated. The company also once again emphasized that the SEC launched an “ideological campaign” against the digital asset industry.
We previously reported that Binance.US closed some trading pairs. In addition to USD and BUSD, there were also positions with USDT on the list, but then they were crossed out under pressure from the community. More details at the link.