{"id":332759,"date":"2023-06-09T08:04:04","date_gmt":"2023-06-09T07:04:04","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=332759"},"modified":"2023-06-09T08:04:04","modified_gmt":"2023-06-09T07:04:04","slug":"binance-us-to-go-crypto-only-as-banking-partners-cut-ties","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/binance-us-to-go-crypto-only-as-banking-partners-cut-ties\/","title":{"rendered":"Binance.US to go \u2018crypto-only\u2019 as banking partners cut ties"},"content":{"rendered":"<p>Binance.US <a href=\"https:\/\/twitter.com\/BinanceUS\/status\/1666996908651323393\">announced<\/a> on June 9 that it would transition to a crypto-only exchange for now.<\/p>\n<p>The move comes as its payment and banking partners suspended USD channels due to the Securities and Exchange Commission (SEC) <a href=\"https:\/\/cryptoslate.com\/binance-and-cz-sued-by-sec-for-breaching-securities-law\/\">lawsuit<\/a> against Binance, and related entities, over allegations of breaching securities laws, including operating as an unregistered exchange.<\/p>\n<p>Binance.US said its banking partners intend to halt all USD payment channels by June 13. The exchange advised users to withdraw USD balances via bank transfer before the deadline.<\/p>\n<p>It warned that there might be delays in processing withdrawals due to the expected high volume of requests and weekend bank closures.<\/p>\n<p>The exchange has suspended USD deposits and recurring buy orders and will start delisting USD trading pairs next week. USD balances on Binance.US after June 15 will be converted to stablecoin, the exchange said.<\/p>\n<p>Binance.US added that crypto trading, staking, deposits, and withdrawals remain functional. The exchange will be crypto-only until new banking partners are found.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance.US announced on June 9 that it would transition to a crypto-only exchange for now. The move comes as its payment and banking partners suspended USD channels due to the Securities and Exchange Commission (SEC) lawsuit against Binance, and related entities, over allegations of breaching securities laws, including operating as an unregistered exchange. Binance.US said [&hellip;]<\/p>\n","protected":false},"author":1386,"featured_media":332765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76747,39,11],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance.US to go \u2018crypto-only\u2019 as banking partners cut ties<\/title>\n<meta name=\"description\" content=\"Amid regulatory scrutiny, Binance.US will halt USD payment channels by June 13.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/binance-us-to-go-crypto-only-as-banking-partners-cut-ties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance.US to go \u2018crypto-only\u2019 as banking partners cut ties\" \/>\n<meta property=\"og:description\" content=\"Amid regulatory scrutiny, Binance.US will halt USD payment channels by June 13.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/binance-us-to-go-crypto-only-as-banking-partners-cut-ties\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-09T07:04:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/binanceUs-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Monika Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Monika Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/binance-us-to-go-crypto-only-as-banking-partners-cut-ties\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/binance-us-to-go-crypto-only-as-banking-partners-cut-ties\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#person\",\"name\":\"Monika Ghosh\",\"url\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"caption\":\"Monika Ghosh\"},\"jobTitle\":\"Former Reporter\",\"description\":\"Monika started reading about crypto in 2020 and went deeper and deeper down the rabbit hole. 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