Binance.US, a cryptocurrency exchange based in the United States, has resolved their recent issues with US dollar withdrawals through cooperation with their banking partners.
With this announcement, USD withdrawals are expected to be processed within the usual timeframe of less than five business days.
However, Binance.US also issued a cautionary statement, informing customers that the relief from withdrawal issues may be temporary. The exchange anticipates that its banking partners will discontinue USD withdrawal services in the near future.Given this warning, Binance.US encourages users to withdraw or convert their USD balances into stablecoins to continue trading on the platform.
Binance.US is moving towards becoming a crypto-only exchange and has been slowly removing crypto-fiat trading pairs from its platform. It plans to convert customers’ USD balances into the popular stablecoin, Tether (USDT), to make trading easier.#crypto2023 #Binance