TechFlow news, February 19 — According to The Block, Binance.US announced on Wednesday it will gradually resume U.S. dollar deposit and withdrawal services, offering qualified users zero-fee ACH bank transfers. Interim CEO Norman Reed called this an important milestone since the exchange was forced to transition into a pure cryptocurrency platform in July 2023.
Previously, Binance.US suspended fiat operations in June 2023 due to an SEC lawsuit, causing its share of U.S. dollar trading volume in the spot market to plummet from a peak of 10% to just 0.1% by January 2025.





