Binance US, the American arm of the popular digital asset exchange, has announced that it has resolved most of the delayed USD withdrawals. It has advised users to resubmit their failed withdrawal requests and expects them to be completed within five business days. However, the platform anticipates that its banking partners will soon discontinue the USD withdrawal service. As a result, Binance US has encouraged users to convert their USD fiat balances to stablecoins or withdraw them for crypto-to-crypto trading. This move comes after Binance US halted USD deposits and withdrawals due to legal challenges from the SEC. To further adapt to the changing regulatory landscape, Binance US has decided to transition to a crypto-only trading platform. It will convert any remaining USD balances to the tether (USDT) stablecoin in the future and will remove most USD trading pairs from the platform on June 26. Binance US has assured its users that their assets are safe and secure despite the recent challenges it has faced.
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