#BTC Binance.US will suspend U.S. dollar deposits, and its bank partners plan to suspend U.S. dollar withdrawal channels on June 13

Binance.US announced that it will suspend USD deposits and its banking partners plan to suspend fiat currency USD withdrawal channels on June 13.

Additionally, Binance.US stated that it is taking proactive steps to transition to a cryptocurrency-only exchange for a period of time. Binance.US will take action

With client assets maintained at a 1:1 reserve, any downtime in processing withdrawals may be the result of increased withdrawal volumes and weekend bank closures.