Binance US shifts to ‘crypto-only’ after dropping USD, MoonPay becomes new on-ramp

August 23, 2023

in Crypto

Reading Time: 2 mins read

Prompted by regulatory pressures, Binance.US is transitioning to a crypto-only exchange, replacing USD with USDT as its base asset.

As Binance reported, this move is a strategic response to banking partners suspending USD channels following the Securities and Exchange Commission (SEC) lawsuit.

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Binance US shifts to ‘crypto-only’ after dropping USD, MoonPay becomes new on-ramp

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