- Binance US restores USD deposits and withdrawals after a two-year suspension, marking a major comeback.
- New features include zero-fee ACH transfers, staking, and OTC trading, expanding user options.
- Regulatory shifts under Trump’s administration are fueling a crypto revival in the U.S.
After what felt like an eternity in crypto years, Binance US has finally flipped the switch back on for USD deposits and withdrawals. That’s right—after nearly two long years, users can once again move their dollars in and out of the platform. The long-awaited move was confirmed in an official statement this month, marking a return to normalcy after the feature was abruptly suspended in June 2023.
The company, in a freshly minted 2025 guide, confirmed the reactivation would gradually roll out to eligible customers. Not all at once—so don’t be surprised if you don’t see it instantly. The service had been shelved following a legal battle with the U.S. Securities and Exchange Commission (SEC), which accused the exchange of securities law violations, kicking off a regulatory nightmare.
Crypto’s Big Comeback in 2025?
It’s only February, but 2025 is already shaping up to be a pivotal year for digital assets. The political tides have shifted. Former (and now current) U.S. President Donald Trump is back in office, bringing a pro-crypto stance that’s rattling the regulatory landscape. This new administration is prioritizing a different approach—one that seems far more open to blockchain innovation.
And the ripple effect? It’s massive. Firms that had once fled the U.S. or put certain services on ice are now making their way back. Binance US, which had been forced into a corner under the previous administration’s aggressive SEC-led crackdowns, is among them. And now, after two years of waiting, it’s finally turning the USD tap back on.
Binance US Restores Key Features
According to a freshly published blog post, the platform has reintroduced zero-fee deposits and withdrawals through ACH bank transfers. Yep, free transfers—at least for now. But that’s not all. Users will also gain access to additional features, including:
- Crypto staking (because who doesn’t want to earn passive income?)
- Crypto dust conversions (goodbye, tiny unusable fragments of crypto)
- Claiming a crypto domain (your Web3 identity just got real)
- OTC trading (for those who prefer larger transactions without market slippage)
Leadership Speaks Out
Interim CEO Norman Reed didn’t hold back his excitement:
“We are thrilled to restore fiat rails as we accelerate with increased momentum in the new year. This marks one of the most improbable chapters for Binance US since July 2023,” he said.
Translation? It’s been a wild ride, but we’re back. And according to Reed, this isn’t just about flipping a switch—it’s about regaining trust, rebuilding operations, and, ultimately, re-establishing Binance US as a major player in the American crypto market.
What’s Next?
With the U.S. government seemingly easing off the regulatory chokehold, exchanges like Binance US are seizing the opportunity to reintegrate into the financial system. The return of USD services is a clear signal that the crypto winter—at least for centralized exchanges operating in the U.S.—might finally be thawing.
What remains to be seen is how sustainable this comeback is. Will regulatory clarity stick? Will other exchanges follow suit? And, most importantly, will users trust the system again?
For now, Binance US users can breathe a little easier. The doors are open, the dollars are moving, and crypto in America just got a second chance.
