Breaking: Binance.US Adjusts Operations, Ends USD Withdrawals

Binance.US, a major cryptocurrency exchange, has initiated significant alterations to its financial operations in the United States. As of this week, the platform ceased all direct US dollar withdrawals. This shift, articulated in an update to their terms of service, mandates customers to convert US dollars to stablecoins or other digital assets before withdrawal. Additionally, it’s crucial to note that US dollar deposits have lost their Federal Deposit Insurance Corporation (FDIC) insurance, a significant departure from standard financial assurances.