that “certain USD deposit services will be temporarily unavailable.” Binance US stated that it was “transitioning to a new banking partner,” and services would resume once the process was complete.
However, sources quoted by WSJ reporters Caitlin Ostroff, Rachel Louise Ensign, and Alexander Osipovich indicate that Binance has faced challenges in finding a banking partner. The report states that Binance US has allegedly attempted to establish connections with several specific banks following the collapse of the three crypto-friendly U.S. banks.
Binance US has unsuccessfully sought to establish direct banking relationships with banks including Cross River Bank, the New Jersey-based lender that serves some crypto and financial-technology firms, and Customers Bancorp Inc., a Pennsylvania-based regional bank, in recent months, the people said. The reporters further spoke with a spokesperson from Binance US, who stated, “We work with multiple U.S.-based banking and payment providers and continue to onboard new partners while upgrading our internal systems to create a more stable fiat platform and offer additional services.
its U.S. operations, citing excessive regulatory oversight in the United States as the reason for the shutdown.against Binance Holdings Ltd., the parent company of Binance US, alleging violations of trading and derivatives rules. The lawsuit also includes Binance CEO Changpeng Zhao and the company’s former chief compliance officer, Samuel Lim.
deregulation
Nobody can trust them anymore.
cz_binance Hey Uncle CZ I am proposing you partner with Enron Bank Holding EnronChairman
Binancee TOPP TEAM!!
Cann this bee considered insider?
Ledger wallet is an a safe way to store your money. We got hacked few years ago and the hackers have all our full information. gobrokeledgernanox
No banks with any liquidity in America right now
Fantom wigoswap 🚀🚀🚀🚀🚀🚀 💎💎💎Fantom is GEM💎💎💎💎
Honestly i only trust richiethebulls for calls lol, he’s literally always right 😂
binance CZ buy a bank ! check mps
Why doesn’t binance just become its own bank. Binance as a Bank. Duh. cz_binance
Ok, I also listen to ChiefraFba for signals and analysis!
Either charge them or treat them dairly SECGov otherwise BinanceUS might sue a basket of banks for anti trust.
Nice one, I also listen to ChiefraFba for signals and analysis!
Perfect, I also listen to ChiefraFba for signals and analysis!
Gotta love sources familiar with the matter narratives.
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