Binance.US, a leading cryptocurrency exchange, has announced significant updates regarding its U.S. dollar withdrawal issue. Through collaboration with its banking partners, the platform has successfully addressed the majority of delayed USD withdrawal requests.
Binance.US is transitioning into a crypto-only exchange and is preparing users for this shift. On June 9th, the platform temporarily suspended USD deposits and withdrawals, but is actively working to resolve the issue. Most USD withdrawal requests are expected to be processed within five business days or less.
The company is also preparing users for the discontinuation of USD withdrawal service by its banking partners. To enhance the user trading experience, Binance.US will expand its Advanced Trading pairs on June 26, 2023, to include USDT pairs for digital assets such as ANKR, DAI, DASH, HBAR, ICX, IOTA, RVN, WAVES, XNO, XTZ, and ZIL.
The platform will also remove most USD Advanced Trading pairs, limiting them to BTC, ETH, ADA, BNB, LTC, MATIC, SOL, VET, USDC, and USDT. Binance.US advises users to review their trades and execute or cancel any open orders on affected USD Advanced Trading pairs before removal.
The exchange remains committed to supporting trading for over 150 cryptocurrencies across a wide variety of Advanced Trading pairs. These updates represent an exciting evolution for Binance.US as it continues to adapt and innovate in the rapidly changing world of cryptocurrency trading.
Compiled by Coinbold