Binance.US, the U.S.-based subsidiary of the world’s largest crypto exchange, has paused U.S. dollar deposits and told users they have less than a week to withdraw any dollars from the platform before the company’s banking partners cut them off.
In a tweet on Thursday at 10:33 p.m. ET, the exchange said that due to the Securities and Exchange Commission lawsuit filed against its parent company earlier this week, its payment and banking partners had decided to pause “USD fiat channels.” Because of this, the U.S. exchange will soon have no way to deal in U.S. dollars.
