Binance.us, an exchange of regulated cryptocurrencies that serves US clients, has finally seen their fiduciary services in restored US dollars, after the company’s capacity to handle deposits and withdrawals of USD was drowned from existence under the administration Biden.
Access to fiduciary services begins on Wednesday and will be gradually implemented in all eligible customers in the coming days, Binance said. Users can deposit and remove USD with zero rates using the bank transfer (ACH), and continue buying, selling, turning and negotiating more than 160 cryptocurrencies, said the company in a press release.
An excessively enthusiastic values and values (SEC) directed by President Gary Gensler decided, after the FTX, that Binance.us must be guilty of something, and the regulator did everything possible to turn off the company. Despite losing billions in business and being forced to reduce 70% of its staff, Binance.US continued to operate as a cryptography for cryptography exchange from July 2023 to the present.
“Before losing Fiat, we were neck and neck with Kraken as the second or third largest American exchange, but obviously we have fallen significantly thanks to Operation Chokepoint 2.0, the SEC and all that disaster,” said Binance Chief. US operating official Christopher Blodgett in an interview.
“We have made some very difficult but healthy decisions in terms of our correct cost and dimensions structure, and we have never been thinner or more bad or smarter to offer an excellent product at a reasonable price, and today is the day,” he “, He,” he, “he,” he, “he,” said.
Blodgett said the firm currently has several banking partners in the mixture, as well as the company that will live today, which was not named at this time.
Binance.us is affiliated with the global Binance platform, but operates as a separate American company.
