This streamlining of trading pairs reflects Binance.US's shift towards a more focused and crypto-centric approach. Of the 150 crypto assets supported by Binance.US, only BTC, ETH, ADA, BNB, LTC, MATIC, SOL, VET, USDC, and USDT will remain tradable against the dollar. However, it is important to note that Binance.US will remove most USD Advanced Trading pairs from the platform on the same date. These new trading pairs will provide customers with a broader range of options for crypto-to-crypto trading.
On June 26, the exchange will introduce more USDT trading pairs, including ANKR, DAI, DASH, HBAR, ICX, IOTA, RVN, WAVES, XNO, XTZ, and ZIL. In addition to the transition to a crypto-only exchange, Binance.US has revealed plans to expand its trading pairs. This option allows customers to retain the value of their funds while navigating the transition to a crypto-only exchange. dollar, providing stability and liquidity within the crypto market. Tether is a popular stablecoin that is pegged to the value of the U.S. Conversion of USD Balancesīinance.US has also informed its customers that any remaining USD balances held in their accounts may be converted into Tether (USDT) at a future date. While USD withdrawals remain fully operational, we encourage you to use, withdraw, or convert your USD to stablecoins to continue trading. Reminder: As we transition to a crypto-only exchange, Binance.US will remove select USD Advanced Trading pairs from our platform on 6/26 at 8 p.m. To facilitate this transition, Binance.US will remove select USD Advanced Trading pairs from their platform on June 26 at 8 p.m. They have advised their users to utilize, withdraw, or convert their USD into stablecoins to continue crypto-to-crypto trading. "While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future." - Binance.US Transition to a Crypto-only ExchangeĪs Binance.US navigates its ongoing battle with the SEC, the exchange is preparing for a transition to a crypto-only platform.
However, they also issued a word of caution, stating that the relief may not be permanent. The exchange encouraged customers with failed withdrawal attempts to resubmit their requests, emphasizing that their systems are fully functional. dollar withdrawal requests are expected to revert to their normal five-business-day turnaround time.
Binance usd withdrawal update#
In a recent update on June 22, Binance.US assured its customers that its system remains fully operational and that U.S. However, this expected disruption did not materialize. The exchange had also cautioned that its banking partners might discontinue fiat withdrawal services as early as June 13. On June 9, Binance.US suspended dollar deposits and informed its customers about an impending pause in fiat withdrawal channels due to its ongoing battle with the Securities and Exchange Commission (SEC). In this article, we will delve into the details of the situation, the impact on customers, and what the future holds for the exchange. While this brings relief to customers who were facing delays in withdrawing their funds, Binance.US warns that this relief may be short-lived. dollar withdrawal issues after collaborating with its banking partners. In recent news, Binance.US, the independent subsidiary of popular crypto exchange Binance, announced that it has successfully resolved its U.S.
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