12/29/2023 0 Comments Binance usd withdrawl![]() In tandem with these developments, Binance.US also plans to remove most of its “USD Advanced Trading pairs” from the platform. The statement read, “Although USD withdrawal remains fully functional on our platform today, we foresee our banking partners discontinuing this service shortly.” Transitioning to a Crypto-only ExchangeĪs it navigates these uncertain waters, Binance.US encourages its users to “utilize, withdraw, or convert your USD to a stablecoin to continue crypto-to-crypto trading.” This advice comes as the platform shifts towards becoming a crypto-only exchange.įurthermore, the announcement emphasized that any remaining USD balances in customer accounts might be converted into Tether – and not Binance’s BUSD – at an unspecified future date. Yet, it also injected a note of caution into the optimistic announcement, indicating that this relief might not be long-lasting. It urged customers who had experienced unsuccessful withdrawal attempts to resubmit their requests. In its latest communication, Binance.US reiterated its operational capacity. However, this event has not transpired to date. In May, Bitcoin prices fell to a 20% discount on the Australian branch of Binance when local banking and payments partners suspended their services causing a rush to sell and cash out.Check out our weekly crypto and fintech newsletter here! Follow CryptoMode on Twitter, Youtube and TikTok for news updates!Ĭoncurrently, the exchange also warned that its banking partners could suspend fiat withdrawal channels as early as June 13th. The company has also had problems with banking partners in Australia. Of the 150 crypto assets that Binance.US supports, only BTC, ETH, ADA, BNB, LTC, MATIC, SOL, VET, USDC and USDT will be tradable against the dollar. However, it noted that it would remove most “USD Advanced Trading pairs” from the platform on the same date. Related: Binance.US coins trade at premium amid litigation fears, fiat gateway issues ![]() The announcement also included details of more USDT trading pairs with ANKR, DAI, DASH, HBAR, ICX, IOTA, RVN, WAVES, XNO, XTZ and ZIL being added on June 26. Binance.US Customer Support June 22, 2023Īny remaining USD balances held in customer accounts could be converted into Tether ( USDT) at a future date, it noted. While USD withdrawals remain fully operational, we encourage you to use, withdraw, or convert your… /LWDWVvwtoq Reminder: As we transition to a crypto-only exchange, will remove select USD Advanced Trading pairs from our platform on 6/26 at 8 p.m. “While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future.”īinance.US is also encouraging its users “use, withdraw, or convert your USD to a stablecoin to continue crypto-to-crypto trading,” as it transitions to a crypto-only exchange. In its most recent statement, Binance.US has encouraged any customers that have a failed withdrawal attempt to resubmit their requests “as our systems remain fully operational,” but cautioned that the relief may not be permanent. ![]() On June 9, the exchange suspended dollar deposits and notified its customers of an incoming pause to fiat withdrawal channels amid its ongoing battle with the Securities and Exchange Commission.Īt the time, it also warned customers that its banking partners were preparing to pause fiat withdrawal channels as early as June 13 however, that didn’t end up coming to pass as yet. dollar withdrawal requests are expected to go back to their normal five-business-day turnaround. ![]() The reportedly independent subsidiary of crypto exchange Binance told customers in a June 22 update that its system remains fully operational and that U.S. dollar withdrawal issues after working with its banking partners but warns the relief may not last. United States crypto exchange Binance.US has informed customers it has resolved its U.S. “While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future,” said Binance.US. ![]()
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