PiCK
BinanceUS Prepares to Resume Operations... Focused on Restoring USD Services Early Next Year
YM Lee
Summary
- The global cryptocurrency exchange BinanceUS has announced preparations to resume operations.
- USD trading services were temporarily suspended due to SEC lawsuit actions, but no evidence of illegal activity has been presented.
- BinanceUS has stated that it aims to resume services early next year.
The U.S. platform of the global cryptocurrency exchange Binance, BinanceUS, has announced its plans to resume operations.
On the 19th (local time), Norman Reed, the interim CEO of BinanceUS, stated through an official channel, "We temporarily suspended fiat currency on- and off-ramps following the lawsuit action by the U.S. Securities and Exchange Commission (SEC) in June 2023, but the SEC has not yet presented evidence of illegal activity. Therefore, we are focusing on resuming USD trading services."
He added, "While we cannot yet specify a definite timeline for resuming operations, we are planning with the goal of achieving a service resumption milestone by early 2025."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
![[Key Economic and Crypto Calendar for the Week Ahead] US Weekly Initial Jobless Claims, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Market] Bitcoin briefly gives back $69,000… Fallout from Trump’s ‘Strait of Hormuz warning’](https://media.bloomingbit.io/PROD/news/78293fc1-a315-4ebb-81cf-f2cb32921d57.webp?w=250)