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The US arm of the crypto exchange Binance, Binance US has announced that its payment and banking partners intend to <a href="https://support.binance.us/hc/en-us/articles/15133607064983-Binance-US-Will-Remove-Select-Trading-Pairs-Has-Paused-OTC-Trading" rel="noopener noreferrer nofollow">suspend</a> USD Fiat deposits, asking customers to withdraw their USD via bank transfer as early as June 13, 2023.The world’s largest crypto exchange’s arm Binance.US took to Twitter to share more information:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/55480df4d5eb486585a6ed1affd7c55a.png" />These changes in question include advice given by Binance.US to its customers to initiate ACH withdrawals at the earliest owing to peak volumes and weekend bank closures. While deposits already initiated would be successfully processed, the USD balances left on the platform after June 15, 2023, would be converted to on-chain withdrawable stablecoin.Notably, the number of supported Convert trading pairs stands reduced to 226. The Buy, Sell, and Convert options would still be available for USDT, USDC, BNB, ETH, BTC, FET, ATOM, APT, MATIC, LTC, DOGE, SHIB, FTM, APE, SOL, LINK, ADA, DOT, GALA, and AVAX assets. While USD for Convert is added, the maximum order amount for Buy, Sell, and Convert is now set at $10,000.Read full article at <a href="https://cryptotale.org/binance-us-payment-banking-partners-intend-to-pause-usd-fiat-channels/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Binance US’ Payment & Banking Partners Intend to Pause USD Fiat Channels

CryptoTale

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