TL;DR
- Binance.US resumed USD deposits and withdrawals on February 19, 2025, with gradual availability for eligible customers.
- The platform allows trading in 10 USD pairs, buying crypto via bank transfer, and instant conversions.
- This move follows nearly 18 months of restrictions, after lawsuits and sanctions that led the exchange to pay $4.3 billion in fines.
Binance.US has reactivated USD deposits and withdrawals for its customers in the United States. Since February 19, 2025, users can transfer funds through bank accounts and trade in USD pairs. The service will gradually become available to all eligible customers in the coming days.
The platform enables buying and selling cryptocurrencies with dollars via bank transfer (ACH), instant conversion between USD and digital assets, and trading in 10 currency pairs, including BTC/USD, ETH/USD, ADA/USD, and SOL/USD.
What Does Binance Offer?
The exchange also provides scheduled crypto purchases, staking in more than 20 Proof-of-Stake (PoS) tokens, and the conversion of small balances into BNB, BTC, ETH, or USDT. For larger transactions, users can access the OTC portal and use automated trading tools through APIs.
Binance.US suspended USD deposits in June 2023 after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the exchange and its founder, Changpeng Zhao. The complaint alleged that the company operated without proper registration in the country and misappropriated customer funds. As a result, the platform announced in October 2023 that it would stop supporting USD and shift its business model exclusively toward cryptocurrencies.
Back in Action After 18 Months of Sanctions
In November 2023, Binance faced further sanctions after being accused of violating anti-money laundering laws. As part of an agreement with the Treasury Department, the company agreed to pay $4.3 billion in fines and adopt measures to ensure compliance with U.S. regulations.
The resumption of USD services reflects an adjustment in Binance.US’s strategy within the new U.S. regulatory framework. The company aims to restore platform stability and offer new options to its customers after nearly 18 months of restrictions on fiat currency operations
