“We are pleased to announce that we have reached an agreement with our banking partners to successfully resolve almost all withdrawal requests in US dollars,” the exchange wrote.
If a withdrawal attempt has failed previously, the exchange encourages clients to resubmit their request. Going forward, the company expects that most USD withdrawal requests will be successfully completed within the usual time frame of no more than five business days.
While USD withdrawals remain fully available on the platform for now, the exchange expects banking partners to stop providing the service in the near future.
“We continue to look for new partners to restore deposits and withdrawals in dollars. Therefore, we encourage users to withdraw or convert their balances to stablecoins in order to continue trading cryptocurrencies on the platform,” the exchange experts suggest.
Recall that the US Securities and Exchange Commission (SEC) sued the Binance exchange and its founder Changpeng Zhao. The regulator tried to freeze the assets of Binance.US. Therefore, the banking partners of the site stopped processing payments in fiat currencies.
Source: Bits
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