After nearly two years of restrictions, Binance.US has reactivated U.S. dollar deposits and withdrawals for its users, marking a significant shift for the cryptocurrency exchange. The restoration of USD services began on February 19, 2025, and will be progressively available to all eligible customers.
The suspension of USD services occurred in June 2023, following a lawsuit by the U.S. Securities and Exchange Commission (SEC) that alleged Binance.US was not registered as an exchange.
With the reinstated services, users can now link their bank accounts for USD transfers and access 10 USD trading pairs, including BTC, XLM, DOGE, SOL, ETH, ADA, HBAR, SHIB, SUI, and BNB. The platform is also offering zero-fee deposits and withdrawals via ACH bank transfers.
In addition to deposits and withdrawals, Binance.US is providing the following:
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Zero-fee bank transfers
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Crypto purchases via ACH
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Instant conversions between crypto and USD
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Automated recurring purchase options
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Staking rewards for over 20 proof-of-stake crypto assets
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Crypto dust conversion
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Custom crypto domain services
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OTC trading for large orders up to $10,000
Binance.US had previously suspended USD deposits in June 2023, after the SEC filed a lawsuit against the exchange and its founder, Changpeng Zhao, alleging the company operated without proper registration and misappropriated customer funds. Interim CEO Norman Reed had expressed optimism about the platform’s future, projecting 2025 as a “breakout year” for Binance.US.
