Binance.US Resolves Dollar Withdrawal Issue, But Warns: It May Not Last!

  • Binance.US announces that USD withdrawal operations have resumed, but warns users that this may not last long.
  • The exchange advises users to retry withdrawal requests that previously failed, stating that they may be processed within 5 business days or less.
  • Binance.US encourages users to convert their USD assets to stablecoins and announces the expansion of advanced trading pairs.

Binance.US Resumes USD Withdrawals, Warns of Possible Disruptions

Binance.US, the American subsidiary of the world’s largest cryptocurrency exchange Binance, has announced that USD withdrawal operations have been reactivated. However, the exchange warns users that this situation may not last long and disruptions could occur again in the near future.

Retry Failed Withdrawal Requests

In a recent announcement on its official website, Binance.US informed users that USD withdrawal operations, which were previously frozen due to issues with banking partners, have now been reactivated. The exchange advises users who experienced failed withdrawal attempts in the past to retry their requests. These withdrawal requests may be processed within a period of 5 business days or even sooner. However, users are cautioned that the withdrawal operations could be halted again in a short period of time.

Conversion to Stablecoins and Expansion of Trading Pairs

Binance.US encourages its users to consider converting their USD assets to stablecoins or other cryptocurrencies. The exchange also announces that in the coming days, USD assets may be automatically converted to stablecoins. Additionally, Binance.US plans to expand its advanced trading pairs, including Dash (DASH), DAI, and Zilliqa (ZIL), among others, starting from June 26th.

Possible Removal of Trading Pairs

On the other hand, Binance.US states that most of the USD advanced trading pairs will be removed from the platform as of June 26th. After this date, only Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), BNB, Litecoin (LTC), Solana (SOL), Polygon (MATIC), Solana (SOL), Vechain (VET), Tether (USDT), and USD Coin (USDC) will be available for USD advanced trading. The exchange warns users that these trading pairs may also be removed in the near future and advises caution.

In addition to these measures, Binance.US continues its efforts to create alternative options for USD withdrawals and takes various other precautions to ensure a smooth user experience.

Earlier this month, Binance.US announced the suspension of USD deposit operations due to issues with banking partners. On June 13th, the exchange further announced the temporary suspension of all USD deposit and withdrawal operations.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

El Salvador Boosts Bitcoin Reserves to 6,200.18 Coins Worth Over $6.52 Billion

According to recent data released by the Ministry of...

Bitcoin Faces $1.1 Billion Short Liquidation Surge if Price Tops $106,000, Coinglass Data Reveals

According to recent data from Coinglass, a significant threshold...

LD Capital’s Trend Research Withdraws 4,000 ETH from CEX, Holding 139,417 ETH Worth $347M

LD Capital's Trend Research recently executed a significant on-chain...

Tether Lending Collateral Wallet Deposits 200 BTC to Binance Amid Bitcoin’s Surge to $100,000

According to LookIntoChain data reported by COINOTAG News on...

Mempool Warns Bitcoin Users of Phishing Scams Claiming Fake Crypto Recovery Services

Mempool, the renowned Bitcoin mempool and blockchain explorer, has...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img