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The Guardian - UK
The Guardian - UK
Business
Jonathan Yerushalmy and Jasper Jolly

Binance.US prepares to suspend US dollar deposits and withdrawals from exchange

Binance United States Changpeng Zhao SEC US Dollar Binancecom Crypto
Binance logo
Binance.US is an offshoot of Binance.com. Photograph: Dado Ruvić/Reuters

The crypto company Binance.US will suspend US dollar deposits as its banking partners prepare to pause the channels to withdraw US dollars from the exchange, days after regulators sued Binance and its chief executive, Changpeng Zhao.

The US arm of the world’s largest crypto exchange said on Thursday that it was taking “proactive steps” in its transition to a crypto-only exchange for the time being.

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