JUST IN:🇺🇸 #Binance US resumes USD deposits and withdrawals for the first time since 2023.
With $USDC transactions enabled again, more traders can move funds in and out of Binance US, increasing overall liquidity in the market. This can lead to smoother price movements and lower volatility.
Since Binance #US had previously struggled with regulatory issues, this move signals possible progress in compliance and trust with regulators. This could boost investor confidence in the broader crypto market.
More liquidity and accessibility might lead to increased buying pressure, which could push Bitcoin and other cryptocurrencies higher. However, it depends on how many users return to the platform.
Other U.S. exchanges like Coinbase and Kraken have been dominant while Binance US faced restrictions. With USD transactions returning, Binance US can regain market share, which may impact exchange competition.
