Cryptocurrency Q&A
Why did Binance stop withdrawal?
Why did Binance stop withdrawal?
Ilaria
Sat Jan 18 2025
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6 answers
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Recently, many users have reported that Binance has suspended withdrawal services. This has caused widespread concern and speculation in the crypto community. Some believe that it may be due to technical issues or maintenance, while others suspect that it could be related to regulatory pressure or financial problems faced by the exchange. Binance has not yet provided an official explanation for the withdrawal suspension.
6 answers
Margherita
Sun Jan 19 2025
In early June, the SEC had requested a court order to freeze Binance.US's assets, leading to the halt of dollar deposits on the platform.
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Filippo
Sun Jan 19 2025
On October 17, Reuters reported that Binance.US, the U.S. arm of the popular cryptocurrency exchange Binance, had implemented changes to its platform.
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JejuSunshineSoulMateWarmth
Sun Jan 19 2025
Specifically, Binance.US announced that it was temporarily halting withdrawals of U.S. dollars for its clients.
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GangnamGlamourQueen
Sun Jan 19 2025
Despite these challenges, Binance.US remains one of the leading cryptocurrency exchanges in the United States.
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Valentino
Sun Jan 19 2025
According to the updated terms displayed on Monday, clients would be unable to withdraw dollars from their Binance.US accounts.
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