Binance.US has officially restored United States Dollar (USD) fiat services, allowing customers to deposit and withdraw cash via bank transfer (ACH) with zero fees. This marks a significant milestone since the platform was forced to operate as a crypto-only exchange in July 2023.

USD Services Are Back on Binance.US

After months of operating without fiat transactions, Binance.US has successfully reinstated USD deposits and withdrawals. Customers can now move funds seamlessly, enabling them to buy, sell, convert, and trade over 160 cryptocurrencies.

This rollout will be phased, ensuring all eligible users regain access to fiat services in the coming days. The move strengthens Binance.US’s position as a top U.S. crypto exchange, offering a streamlined on- and off-ramp experience for traders.

Zero Fees and Enhanced User Experience

With the return of USD services, Binance.US users benefit from zero processing fees on ACH transfers. This initiative aligns with the platform’s goal of providing a cost-effective and user-friendly experience.

Christopher Blodgett, COO of Binance.US, emphasized the company’s commitment to seamless transactions:
“Restoring USD services allows us to offer a frictionless deposit and withdrawal process, ensuring users can access their funds without unnecessary costs.”

Regulatory Compliance and Customer Protection

Binance.US remains a licensed and regulated exchange, reinforcing its commitment to compliance and security. The return of fiat services ensures users have a safe and reliable way to transfer funds while maintaining access to Binance.US’s competitive staking rewards and trading features.

Dan Wong, General Counsel of Binance.US, highlighted the significance of compliance:
“As a regulated platform, we prioritize customer protection while delivering the best possible experience in the crypto space.”

A Step Forward for U.S. Crypto Traders

Since its launch in 2019, Binance.US has established itself as a trusted exchange, offering 0%-fee BTC trading on select pairs and robust staking rewards for over 20 assets. The restoration of fiat services marks a turning point, reaffirming its dedication to providing a comprehensive and accessible trading environment.

With the ability to deposit and withdraw USD seamlessly, Binance.US users can now engage in the crypto market more efficiently than ever.