Binance US Resumes Its Dollar Services After 18 Months Of Suspension

Binance US announces the resumption of deposits and withdrawals in US dollars (USD), ending 18 months of suspension of its services. This reactivation comes as the regulatory framework for cryptocurrencies is clarifying in the United States.

Binance US once again allows transactions in dollars

On February 19, 2025, Binance US announced the full reactivation of its services in US dollars. American customers can now make deposits and withdrawals via bank transfers (ACH), trade pairs in USD, and link their bank accounts to the platform. The deployment will be gradual, allowing all eligible customers to access these services “in the coming days.”

This resumption marks a major turning point for the exchange that had suspended these services in June 2023, following the lawsuits initiated by the SEC. At that time, Binance US was compelled to restrict its operations in light of what the company described as “extremely aggressive and intimidating tactics” from the regulator.

The initial suspension led the exchange to temporarily reposition itself as a “crypto-only exchange,” significantly limiting its services to American users.

An evolution in a more relaxed regulatory context

This reactivation of services comes after a turbulent period for Binance. In November 2023, the exchange agreed to pay a record fine of 4.3 billion dollars for violations of anti-money laundering laws, an agreement that initially required its “complete withdrawal from the United States.”

Today, the situation appears to be improving on the regulatory front. Indeed, negotiations with the SEC have progressed, as evidenced by the recent 60-day suspension of legal proceedings, suggesting the possibility of a settlement.

Under the leadership of Richard Teng, who succeeded Changpeng Zhao (CZ), Binance has made regulatory compliance a priority. This approach seems to be yielding results, allowing the platform to gradually restore its services while maintaining its dominant position in the crypto ecosystem.

In summary, the resumption of USD services by Binance US marks a decisive step in the harmonization of relations between crypto actors and US authorities. This advance, combined with the SEC’s efforts to establish a clearer regulatory framework, suggests a period of enhanced stability for the entire crypto sector in the United States.