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Binance.us may Suspending USD Withdraw Channels as Early as June 13, 2023

Due to impact of SEC, Binance.us made announcement today gonna suspending USD deposits and notifying customers that banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. Binance.us encourage customers to take appropriate action with their USD.Binance.us claimed on Twitter: "We are taking these proactive steps as we–for a time–transition to a crypto-only exchange. To be clear, we maintain 1:1 reserves for all customer assets. Any downtime in processing withdrawals may be the result of elevated volumes and weekend bank closures. Moreover, trading, staking, deposits and withdrawals in crypto remain fully operational."

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