the process to **remove USD pairs from the exchange as early as June 13, 2023.**
As a cryptocurrency user, it is important to know the changes taking place in the industry. Recently, the United States Securities and Exchange Commission (SEC) has become increasingly aggressive in their tactics, leading to Binance.US and other companies in the industry becoming targets of their civil claims.
To ensure the safety of customer funds, we are committed to first and foremost protecting our users and have 1:1 reserves for all customer assets. As a result, we are providing prompt notice of changes that will impact the platform.
Starting June 13, 2023, Binance.US will begin transitioning to a crypto-only exchange. All ACH withdrawals, or bank transfers, of USD must be completed by June 13, 2023. Due to the increased volume of withdrawals and weekend bank closures, ACH withdrawals may take longer than usual to process, so we kindly ask that you please be patient.
We are also suspending USD deposits and recurring buy orders today and beginning the process to remove USD pairs from the exchange as early as June 13, 2023.
Our goal is to ensure that customers have the resources necessary to transition their fiat off the exchange while protecting their funds throughout the process. We thank you for your continued support and understanding during this time.