Binance.US has reinstated US dollar deposit and withdrawal services for its customers, ending nearly 18 months of restrictions. This move comes after regulatory clarity, allowing users to link their bank accounts for USD deposits and withdrawals via ACH. The exchange announced on 19 February that the services would gradually be rolled out to eligible customers.

The suspension of USD services in June 2023 followed a lawsuit filed by the US Securities and Exchange Commission (SEC), accusing Binance and its founder Changpeng Zhao of regulatory violations and mishandling user funds. In response, Binance.US had initially shifted towards a 'crypto-only exchange' model, removing support for USD transactions.

Binance has faced additional legal challenges, including an Anti-Money Laundering violation settlement in November 2023, resulting in a historic$4.3 billion fine. Despite these hurdles, the return of USD services signals a shift towards regulatory compliance, allowing Binance to rebuild its operations in the US market.