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Binance.US, the American branch of the famous crypto exchange platform Binance, has announced its intention to restore USD services at the beginning of 2025. This news was confirmed by interim CEO Norman Reed, who stated that Binance.US is “closer than ever” to achieving this goal.
Binance.US plans to restore its services in 2025
Since its inception in 2019, Binance.US has provided regulated crypto trading services to residents of the United States. However, in June 2023, the Securities and Exchange Commission (SEC) filed a lawsuit against Binance, accusing the company of failing to register Binance.US as an exchange. This action led to the suspension of USD deposits on the platform.
Recently, Norman Reed expressed an optimistic vision for the future of Binance.US, stating that 2025 will be a decisive year for the crypto platform. He emphasized that the company is working on new partnerships and improvements to the exchange’s infrastructure, including expanded custody offerings and new wallet solutions.
Reed also mentioned that Binance.US remains determined to strengthen its reputation as the top crypto platform for low fees and high rewards. Especially since in November 2024, Binance recorded a record influx of $8.73 billion in assets, bringing the total value of its holdings to $154.9 billion. This performance highlights the strength of the platform and user trust, despite an increasingly regulated global environment.
Impact on the crypto market
The restoration of USD services could have a significant impact on the crypto market in the United States. By restoring these services, Binance.US could attract new users and strengthen investor confidence, potentially boosting the growth of the platform and the cryptocurrency market in general.
In summary, the return of USD services on Binance.US marks an important milestone for the platform and could play a key role in its future expansion and its ability to offer high-quality crypto trading services to American users.
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Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
