Binance resumes USD deposits and withdrawals for United States residents.

[King Belieal]

Binance, the biggest crypto exchange in the world has resumed USD deposits and withdrawals on their platform. This was announced on a blog post by the CEO. Recall that Binance had stopped USD operations in October, 2023 after it was involved in legal issues that had to do with meeting regulatory requirements.

Finally, a competitor for Coinbase?

 

[Suba]

I have also read this news, Binance has reopened USD services after more than a year of inactivity, so from now on users can make USD deposits and withdrawals via ACH bank transfers.

 

[Fidelia]

I know that the new CEO of Binance has really tried to cooperate with the Unites states authorities.

 

[gwolf666]

I didn't know about this. Why did this happen? What happened? Can anyone here explain the context to me? Thanks.