Binance.US temporarily halts deposits in U.S. dollars and withdrawals to follow next week

Binance.US is asking customers to withdraw their U.S. dollar deposits from the exchange. Deposits have already been stopped.

Binance.US discontinues deposits in US dollars and asks customers to withdraw their fiat holdings (US dollars) from the platform. As of June 13, support for payments in US dollars will be completely discontinued.

This was announced by the American arm of Binance on Twitter on June 9. The reason is the complaint from the SEC, which has led to "challenges for the banks we work with."

On twitter, Binance.us shared a message to customers that it will begin "removing USD pairs (e.g., BTC-USD) from the platform," while continuing to "support stablecoin pairs (e.g., BTC-USDT)."

Trading, strikes, deposits and withdrawals of cryptocurrencies are still possible, the announcement said. Withdrawals in US dollars may be delayed "due to high volume and bank closures over the weekend."

Binance.US announced already indicated that it would remove several trading pairs from its platform in light of the SEC's complaint. The measures affect customers of the US spin-off Binance.US.