Binance.US will suspend USD deposits, as its banking partner plans to suspend USD withdrawal channels on June 13

ChainCatcher news, Binance.US announced that it will suspend USD deposits, as its banking partners are preparing to suspend fiat USD withdrawal channels on June 13, 2023, encouraging customers to withdraw USD before June 13 (there may be delays). Binance.US stated that it is taking proactive measures to transition to a cryptocurrency-only exchange for a period of time. Binance.US will maintain a 1:1 reserve for all customer assets. Any downtime during the withdrawal process may be the result of increased withdrawal volume and weekend bank closures. (Source link)