Binance.us, an exchange of regulated cryptocurrency serving American customers, finally saw its Fiat US Dollar services restored, after the company’s ability to manage USD deposits and withdrawals was extinguished from existence under Biden administration.
Access to Fiat services begins on Wednesday and will gradually be deployed to all customers eligible for the coming days, said Binance.us. Users will be able to deposit and remove USD with zero costs using bank transfer (ACH) and continue to buy, sell, convert and exchange more than 160 cryptocurrencies, the company said in a press release.
An overly zealous commission of Securities and Exchange (Sec) led by President Gary Gensler decided, after the FTX, that Binance.us must be guilty of something, and the regulator did his best to stifle the business. Despite the loss of billions of business and the forrality of reducing 70% of its staff, Binance.
“Before losing Fiat, we were shoulder to shoulder with Kraken as the second or third biggest American exchange, but obviously, we fell considerably thanks to the ChokePoint 2.0 operation, the dry and all this mess,” said the chief de Binance.us Operation officer Christopher Blodgett in an interview.
“We have made very difficult but healthy decisions in terms of cost structure and good size, and we have never been slower or more nasty or more ready to deliver an excellent product at a reasonable price – and today The day “,” he said.
Blodgett has said that the company currently has several banking partners in the mixture, as well as the firm with which the exchange enters online today, which has not been named for the moment.
Binance.us is affiliated with the World Binance platform but works as a separate American company.
