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However, we appreciate that this is still a bad user experience and the team is working on quickly resolving this issue. https://t.co/heCfWIomAX
— CZ ?? BINANCE (@cz_binance) February 6, 2023
The exchange also did confirm that customers can still buy and sell cryptocurrencies via all other supported payment methods. Among these is bank transfers, which Binance will continue to offer via another fiat currency currently supported.
Binance is the largest crypto exchange by trading volume and has a US-based subsidiary Binance.US. The US-based unit, which is Financial Crimes Enforcement Network (FinCEN) regulated, has noted that the suspension will not impact its operations.
tweet following the news, Binance.US said this would be the case unless there’s an official notice from them. In this case, the USD pause is likely to only impact customers using the global platform.
The price of Binance‘s native coin BNB was largely muted at the time of writing, changing hands around $328 at 15:05 pm ET.
