After almost two years, Binance.US is resuming U.S. Dollar deposits and withdrawals. This marks a significant shift post suspension that began in June 2023, coinciding with legal challenges faced by Binance.

During the suspension, Binance.US suffered a drastic drop in market share, falling from 10% to 0.1%. The return of fiat services aims to restore customer trust and enhance market presence.

Although the SEC lawsuit against Binance is being paused for 60 days, Binance.US’s leadership remains cautiously optimistic. The company aims to provide reliable USD services, focusing on compliance and customer security.