Premium Only Content

Binance News | Binance Under Pressure | Will USD Customers Suffer?
In this video, we'll be discussing the recent challenges facing Binance US, the United States arm of global crypto exchange Binance, in establishing a new bank partner to serve as a fiat on-ramp and off-ramp for its clients in the country. According to a Wall Street Journal report on April 8, recent failures of Silvergate and Signature Bank have left Binance US without banking services, depending on middlemen's banks to store funds on its behalf. The regulatory crackdown on banks with crypto clients is also another factor contributing to the exchange's struggles.
Furthermore, the recent lawsuit by the US Commodity Futures Trading Commission (CFTC) against Binance Holdings and its CEO Changpeng “CZ” Zhao for allegedly trading violations has added to the exchange's challenges. Binance US needs a bank to directly hold its client's US dollars, but recent attempts to establish direct banking relationships with banks have failed.
As a result, Binance US customers have been affected by the lack of a direct bank. The exchange is transitioning to new banking and payment service providers over the next several weeks, but some USD deposit services will be temporarily impacted during the transition. Currently, Binance US is holding customer funds via financial technology firm Prime Trust.
In addition, Binance US is operating in a similar environment to that which crypto firms are experiencing in the United Kingdom, where banks are moving away from accepting clients from the crypto sector. The few banks still working with crypto firms in the UK are requesting more documentation and information about how they monitor clients’ transactions.
In conclusion, Binance US is under pressure to establish a new bank partner to serve its clients in the United States. The challenges facing the exchange are not unique, as many crypto firms are experiencing similar difficulties in finding banks that are willing to work with them. We will continue to monitor this situation and provide updates as they become available.
Binance News | Binance Under Pressure | Will USD Customers Suffer?
Telegram Channel Link: https://t.me/CryptoMashNews
Disclaimer – We make videos to educate people, so if you decide to invest after watching our video, we will not be liable for any profit or loss encountered by you in the process.
DISCLAIMER:
"Copyright Disclaimer under Section 107 of the copyright act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, scholarship, and research. Fair use is permitted by a copyright statute that might otherwise be infringing.
==================================
#BinanceNews #BinanceUnderPressure #USDCustomersSuffer
crypto mash
crypto mash news
crypto mash news today
English
Binance News
Binance Under Pressure
Will USD Customers Suffer?
Binance USD customer's news
Wall Street Journal news
United Kingdom banking news
United States Banking news
Binance USD Customers in trouble
Binance USD Services at Risk
Regulatory Changes Spell Trouble for Binance USD Customers
Regulatory Crackdown Impacting Binance USD Customers
Binance USD Customers in Trouble Amid Regulatory Crackdown
What Does Binance News Mean for USD Customers
How Will Binance USD Customers Be Affected
Is Binance Struggling to Maintain Services for USD Customers
How Will Binance News Impact USD Customers in the Crypto Market?
What Is the Future of Binance USD Amidst Regulatory Crackdown?
crypto
crypto news
crypto news today
cryptocurrency
cryptocurrency news
cryptocurrency news today
-
1:11:45
Ben Shapiro
2 hours agoEp. 2235 - The SMOKING GUN In The Biden Cover-Up?
28.3K14 -
1:02:25
Timcast
3 hours agoDistrict Judge BLOCKS Trump From ENDING Of Birthright Citizenship
153K126 -
Sean Unpaved
2 hours agoBig 12 Heat, Cash & Class, & Country Club Ball
17.5K1 -
1:36:44
Flyover Conservatives
13 hours agoDR. BRYAN ARDIS: The Back-to-School Vaccine Checklist They Don’t Want You to Question | FOC Show
31.9K4 -
DVR
Rebel News
2 hours ago'Foreigners' stare at pool, Violent far-left protester, Trump defends women's sports | Rebel Roundup
17.6K7 -
56:10
The Rubin Report
4 hours agoBill Nye Discredits Himself with A Laughably Unscientific ‘Solution’ to Extreme Weather
145K88 -
LIVE
LFA TV
18 hours agoLFA TV ALL DAY STREAM - THURSDAY 7/10/25
2,342 watching -
2:03:15
Benny Johnson
5 hours ago🚨UNEARTHED: Epstein ADMITTED He 'Worked for CIA' as FBI Responds: 'You Will Get The Files...'
102K209 -
1:40:06
The Mel K Show
3 hours agoMORNINGS WITH MEL K -7/10/25
25.8K11 -
54:37
Grant Stinchfield
3 hours ago $2.33 earnedEpstein Files Could Ignite Middle East Firestorm— Trump Hits the Panic Button?
16.7K11