The #Binance US exchange recently reopened USD withdrawal services. They said they had successfully negotiated with their banking partners. However, they still warn that partners may terminate the service in the future. They encourage users to convert USD fiat to stablecoins.
Following an announcement on June 23, Binance US announced it has resolved the USD withdrawal issue. The exchange completed most USD withdrawal requests in approximately 5 business days. It also suggests users to resubmit unsuccessful withdrawal requests.
“We take great pride in upholding our commitment to you. We look forward to serving you as a cryptocurrency-only exchange. To prepare for this transition, we want to share some important changes you should know about.”
Binance US hopes partners will be more proactive
Although USD withdrawals are back to normal today. Binance US still hopes its banking partners stop withdrawing USD. Along with that, they are also looking for new banking partners to deposit and withdraw USD.
Binance US encourages users to withdraw funds or convert them to stablecoins. The exchange's USD will be converted into USDT in the future.
Binance US has announced new #USDT trading pairs to replace the previous USD. These include ANKR, DAI, DASH, HBAR, ICX, IOTA, RVN, WAVES, XNO, XTZ and ZIL. Users can start trading these pairs from June 26.