Why can't I withdraw USD from Binance US?

The pursuit of stable banking partnerships was central to Binance.US's long-term strategy. The company recognized the importance of securing reliable and trustworthy banking institutions to facilitate the seamless integration of fiat currencies into its exchange.

In the realm of cryptocurrency and finance, a pivotal development unfolded on June 13, 2023, as Binance.US embarked on a strategic shift towards becoming a crypto-exclusive exchange. This transformative move signified a decisive break from the traditional model of accommodating fiat currency transactions.

Despite the temporary suspension of USD transactions, Binance.US remained committed to achieving its vision of a crypto-only exchange. The company worked diligently to establish partnerships with banking institutions that would enable it to resume USD deposits and withdrawals in the future.

The primary impetus behind this transition was the quest for enhanced security and stability within the platform's operations. By limiting transactions to cryptocurrencies alone, Binance.US aimed to streamline its processes and mitigate potential risks associated with the integration of fiat currencies.

Among the many reputable cryptocurrency exchanges in the market, BTCC stands out as a premier platform offering a comprehensive suite of services. BTCC's offerings encompass spot trading, futures trading, and wallet management, among others. These services cater to the diverse needs of cryptocurrency enthusiasts and investors alike.