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Binance.US Restores USD Deposits

For the first time since 2023, Binance's independent U.S. arm is allowing U.S. bank transfers.

Feb 19, 2025 • 1 min read

Binance.US has reintroduced the ability for customers to deposit and withdraw U.S. dollars using ACH bank transfers, following a suspension that lasted nearly two years due to legal action from Gary Gensler's SEC.

What’s the Scoop?

Fiat Deposits Return: Binance.US customers can now deposit and withdraw U.S. dollars on the platform for the first time since June 2023.
SEC Lawsuit Impact: Fiat functionality was initially suspended after the SEC filed a lawsuit against Binance.US for alleged securities law violations.
Regulatory Developments: A new pro-crypto administration under Trump is creating optimism for a reset in the crypto industry, though Binance.US is still waiting for further regulatory clarity.

USD services are returning to https://t.co/AZwoBOgsqS!

Access is rolling out over the coming days. Here’s what you can look forward to:

✅ Deposit and withdraw USD with 0% fees
✅ Buy crypto using bank transfer (ACH)
✅ Trade via popular USD pairs pic.twitter.com/weyayFJU1W
— Binance.US 🇺🇸 (@BinanceUS) February 19, 2025

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