The US branch of the world’s largest cryptocurrency exchange has resumed all USD-based services for local investors after a hiatus of almost three years. According to an announcement shared by the company earlier today, these services are operational as of February 19 and will be gradually accessible to “all eligible customers in the coming days.”
US-based clients will have access to features such as deposits and withdrawals in USD by linking a bank account, direct purchases with dollars, converting between crypto assets and USD, and trading such pairs. Users will also have the option to set recurring buys in USD.
Additionally, Binance US has pledged to offer other services, including staking crypto assets like ETH, SOL, BNB, ADA, and more, claiming a crypto domain, placing OTC trades (orders up to $10,000), trading via API, and accessing the local branch’s institutional platforms.
The company ceased all USD-based services in June 2023 after the US Securities and Exchange Commission sued Binance, Binance US, and then-CEO Changpeng Zhao. Under increasing regulatory pressure, CZ had to resign and even served a few months in prison in 2024 after admitting to insufficient anti-money laundering measures. As a result, Binance US’s market share significantly declined, leading to a 70% reduction in staff.
The evolving situation in the US following Donald Trump’s victory in the presidential elections and his subsequent inauguration has raised hopes that many SEC lawsuits against crypto companies could be resolved soon. Although the case against Binance remains technically active, the two parties have agreed to a 60-day pause in legal proceedings in early February.
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