Binance.US Resolves USD Withdrawal Issues, Providing Temporary Relief

Good news for Binance.US users: Binance.US resolves USD withdrawal delays! After a period of uncertainty, the platform has managed to temporarily address the problems surrounding USD withdrawals. The USD withdrawal issues were resolved on June 22, offering a much-needed respite to affected users.

Withdrawal requests are now being honored. Withdrawal requests now honored within five business days, returning to the platform's usual timeframe. According to the update, USD withdrawal requests are expected to be processed within the usual timeframe of five business days. This follows a period of concern that began when Binance.US had suspended USD deposits on June 9 after the US SEC sued Binance and its US subsidiary. On June 9, Binance.US temporarily suspended USD deposits and informed its customers about the potential pause in fiat withdrawal channels due to the ongoing SEC investigation.

However, the relief may be short-lived. While Binance.US resolves USD withdrawal issues, it also warns it may not be permanent. The company is openly acknowledging the possibility of future disruptions. The Binance.US resolved USD withdrawal issues but warns of potential future disruptions.

The core of the issue lies with banking partners. Banking partners may discontinue the USD withdrawal service. Given this potential instability, Binance.US is actively encouraging users to consider alternative strategies.

Binance.US resolves USD withdrawal delays, but warns it may not be permanent; advises conversion to stablecoins. Users are strongly advised to explore converting their USD holdings into stablecoins. Customers are advised to resubmit withdrawals. While the resolution was reportedly positive, users should monitor their accounts and stay informed about any further announcements from Binance.US regarding USD withdrawal options.