Claim $500Breaking: BinanceUS Restores USD Withdrawals And Announces Major Changes; USDT Depegs
Binance.US, the U.S.-based arm of the world’s largest crypto exchange Binance, on Friday announced that it has successfully worked with banking partners to resolve all USD withdrawal issues on the crypto exchange. However, it warns banking partners may terminate the service in the near future and recommends converting USD fiat balances to stablecoins.
According to an official announcement on June 23, Binance.US announced that it has worked with its banking partners to resolve nearly all delayed USD withdrawal requests. The crypto exchange will complete most USD withdrawal requests within the normal timeframe of 5 business days or less. It also suggests users to resubmit failed withdrawal requests as systems are operating normally.
“We are incredibly proud to uphold our commitment to you and look forward to serving you as a crypto-only exchange. To prepare for this transition, we wanted to share some important changes that you should know about.”
Also Read: Elon Musk-Mark Zuckerberg “Cage Fight”: Everything You Need To Know
Binance.US Expects Banking Partners May Terminate USD Withdrawals in the Future
Despite USD withdrawals working normally, Binance.US expects banking partners could terminate USD withdrawals or off-ramp services in the future. Meanwhile, the exchange looking for new bank partners for USD deposits and withdrawals.
Binance.US recommends users use, withdraw, or convert their USD fiat balances to stablecoins. As the exchange transitions to a crypto-only exchange, the remaining USD balance in accounts may be converted to USDT at a future date.
However, USDT continues to depeg on Binance.US, falling to 0.96 against USD.
Also Read: Binance Hires Former DOJ Prosecutor for SEC Lawsuit Defense: Bloomberg
Removes USD Trading Pair For USDT Trading
Binance.US announces new USDT pairs for digital assets such as ANKR, DAI, DASH, HBAR, ICX, IOTA, RVN, WAVES, XNO, XTZ, and ZIL. Users can start trading for these pairs from June 26 at 7 PM PDT / 10 PM EDT.
The crypto exchange will also remove most USD Advanced Trading pairs on June 26. BTC, ETH, ADA, BNB, LTC, MATIC, SOL, VET, USDC, and USDT will be the only digital assets available with USD pairs. The exchange has retains Cardano, Solana, and Polygon (MATIC) despite US SEC referring these as securities in lawsuits against Binance and Coinbase.
Meanwhile, Binance.US filed a motion against the SEC for contradictory statements around its alleged “commingling” of client assets. Binance and Binance.US also separate wallets and management teams.
Also Read: Terra Luna Classic Proposes L2 Team For Community-Owned Station Wallet
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Shiba Inu Team Unveils ‘Shib Owes You’ Plan To Repay Plasma Bridge Hack Victims
- Fed Chair Race Tightens as Hassett’s Odds Slip Below 50% Ahead of Trump’s Decision
- Fed Injects $26 Billion: Will the Crypto Market Record a Year-End Rally?
- XRP Sell Pressure Intensifies amid Rising Inflows to Binance, South Korean Exchanges
- Crypto ETFs in 2026: What to Expect for Bitcoin, Ethereum, XRP, and Solana
- Binance Coin Price Risks Crash to $700 as Key BSC Metric Plunges 80%
- SUI Price Forecast: What’s Next for SUI in 2026 After $78.9M Token Unlocks?
- Solana Price Prediction: How High Could SOL Go in January 2026?
- Top 3 Predictions for Bitcoin price, Ethereum price and XRP price for 2026 According to Analysts
- Is $1 Dogecoin Price Technically Possible in 2026?
- Bitcoin Price Year-End Prediction: Analysts Highlight Key Levels Before 2025 Close
