- Crypto exchange continued operations with partner banks
- But warns that the decision may be temporary
- The company advises converting fiat to stabelcoins
American crypto exchange Binance US has resumed withdrawals of dollar deposits. In a press release, the company writes that it was able to negotiate with banking partners and solve the problem. Clients who have previously tried to withdraw funds must repeat their request. The crypto exchange expects the withdrawal to take no more than 5 days.
“We are incredibly proud to fulfill our commitment to you, and look forward to serving you as a crypto exchange.”
The Binance US team warns that the renewal may be temporary. So now they are looking for new partner banks.
The crypto exchange also advises customers to play it safe by converting their dollars into stabelcoins or by delaying the withdrawal of fiat.
The exchange will also add new pairs with USDT from June 26: ANKR, DAI, DASH, HBAR, ICX, IOTA, RVN, WAVES, XNO, XTZ and ZIL.
They will remove some trading pairs with fiat dollars (USD) from the Advanced Trading platform.. From June 26 there will be only pairs with the following assets: BTC, ETH, ADA, BNB, LTC, MATIC, SOL, VET, USDC and USDT.</nbsp;
For convenience, Binance US created a table – which pairs will be traded with USD and USDT, and which – only with USDT.
Binance US is rapidly losing market share in the U.S. after the SEC claim. At the beginning of the year, the crypto exchange held 8.2%. Now it has dropped to 1.5%.