Coverage dated June 8, 2023

Binance Will Stop Trading US Dollar Amid SEC Lawsuit

Headline from Forbes

The U.S. crypto market faced more turmoil as mobile trading app Robinhood pulled three crypto coins.

Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Read the reports

Reports & sources

14 articles, oldest first.

Forbes
Binance Will Stop Trading US Dollar Amid SEC Lawsuit (opens Forbes)
Published Jun 8, 2023
Forbes's feed description
The U.S. crypto market faced more turmoil as mobile trading app Robinhood pulled three crypto coins.
Investopedia
Binance.US Halts U.S. Dollar Deposits (opens Investopedia)
Published Jun 8, 2023
Investopedia's feed description
Crypto exchange Binance.US expects banks to cut off U.S. dollar transactions after SEC action and asks customers to pull their dollars off the platform or have them converted to crypto.
UPI
Binance.US suspends dollar deposits, pauses fiat withdrawals (opens UPI)
Published Jun 8, 2023
UPI's feed description
Binance.US announced Friday it was suspending U.S. dollar deposits and alerted its customers about an upcoming pause in fiat withdrawal channels.
Bloomberg
Binance.US Set to Be Cut Off From Banking System After SEC Suit (opens Bloomberg)
Published Jun 8, 2023
Bloomberg's feed description
Binance.US is being cut off from its banking partners in the fallout from a Securities and Exchange Commission lawsuit against the cryptocurrency exchange.
FOX Business
Binance.US suspends USD deposits after regulators crackdown (opens FOX Business)
Published Jun 8, 2023
FOX Business's feed description
Binance.US, an arm of the world's largest crypto exchange, announced on Thursday in a tweet, that it would be suspending U.S. dollar deposits.
The Guardian
Binance.US prepares to suspend US dollar deposits and withdrawals from exchange (opens The Guardian)
Published Jun 8, 2023
The Guardian's feed description
Company tells customers to withdraw their US dollars days after US regulators sued the company and its founder
NBC 5 Dallas-Fort Worth
Banks Are Cutting Off Binance's Access to U.S. Banking System, Exchange Says (opens NBC 5 Dallas-Fort Worth)
Published Jun 8, 2023
NBC 5 Dallas-Fort Worth's feed description
Binance’s banking partners will “pause” Binance.US’ access to US dollar deposits as soon as next week, after the SEC filed charges against the exchange.
Al Jazeera
Crypto giant Binance’s US arm suspends dollar deposits (opens Al Jazeera)
Published Jun 8, 2023
Al Jazeera's feed description
Move comes days after US regulators announced 13 civil charges against Binance and its CEO Changpeng Zhao.
New York Times
Binance Halts Trading in Dollars on Its U.S. Exchange (opens New York Times)
Published Jun 8, 2023
New York Times's feed description
Banks have signaled that they will stop working with the company’s American branch, it said, after the Securities and Exchange Commission sued it this week.
Fortune
Binance's U.S. subsidiary pauses dollar deposits in wake of SEC lawsuit, says it's becoming a 'crypto-only exchange' (opens Fortune)
Published Jun 8, 2023
Fortune's feed description
The SEC sued Binance on Tuesday, alleging 13 counts that included the mishandling of customer funds and offering unregistered securities.
New York Times
What Do Binance.US’s New Rules on Trading Dollars Mean for Customers? (opens New York Times)
Published Jun 8, 2023
New York Times's feed description
The company said that it would no longer allow trades with U.S. dollars on its platform. Customers were urged to withdraw funds by Tuesday.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.