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.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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