Binance.US solves USD withdrawal issues but warns it won’t last long
“While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future,” said Binance.US.
“While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future,” said Binance.US.
Customers will soon be able to load up the Voyager app and see how much will be available for withdrawal.
U.S. District Judge Amy Berman Jackson has ordered the two entities to work towards a compromise.
Binance.US said the moves are part of efforts to protect customers and the platform amid "extremely aggressive and intimidating tactics" by the SEC.
One judge has ruled on a key crypto case of late, while the other has ruled on high-profile political cases in the U.S. in recent times.
Stablecoins such as USDT and USDC were trading for 3% to 4% higher than par value at the time of publication.
The U.S.-based exchange said it is “fully operational” and called the Securities and Exchange Commission’s motion “unwarranted.”