Access to fiat services begins Wednesday, and will be gradually rolled out to all eligible customers over the coming days, Binance.US said.

Binance.US said its customers will soon be able to deposit and withdraw US dollars on the crypto exchange for the first time in almost two years.

Binance.US said fiat services have been restored after the exchange was forced to go “crypto-only” due to the SEC’s “intimidating tactics.”

Binance.US, the American arm of the global cryptocurrency exchange Binance, has reinstated US dollar deposit and withdrawal services after nearly a year and a half. The resumption follows a period of regulatory challenges, including a lawsuit from the US Securities and Exchange Commission (SEC) in June 2023.

Binance.US, the American affiliate of global cryptocurrency exchange Binance, has reinstated US dollar deposits and withdrawals after nearly 18 months of restrictions. The company attributed this decision to increased regulatory clarity.