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Binance US has restored U.S. dollar deposit and withdrawal services for eligible customers as of Feb. 19, 2025, nearly two years after suspending the feature amid regulatory scrutiny of its parent company.
Binance US Reinstates USD Services
The crypto trading platform announced Wednesday that USD services, including bank transfers (ACH), will roll out gradually to users, enabling fee-free cash transfers, crypto purchases, and access to USD trading pairs. The move marks a pivotal step in rebuilding services halted in 2023 when the U.S. Securities and Exchange Commission sued its parent firm Binance, alleging securities violations.
Eligible Binance US customers can now link bank accounts to deposit or withdraw USD, buy cryptocurrencies via ACH, and instantly convert between USD and digital assets. The relaunch also reintroduces ten USD trading pairs, including BTC/USD, ETH/USD, and SOL/USD, with plans to expand the offerings.
A new “Auto-Buy” feature allows users to schedule recurring crypto purchases daily, weekly, or monthly. Binance US emphasized zero fees on USD transfers and streamlined access to trading tools, aiming to regain user trust after operational disruptions.
The 2023 SEC litigation targeting Binance and founder Changpeng Zhao precipitated the exit of banking collaborators, compelling the U.S. division to halt USD transactions. The latest update confirms the platform has established new fiscal alliances, reinstating USD processing capabilities for users.
While eligibility details remain undisclosed, Binance US indicated access will widen “in the coming days.” This revival aligns with potential reforms under the Trump administration aimed at reshaping financial oversight frameworks.