As Binance.US’s market dominance drops to around 1%, its customers have expressed frustrations over ACH withdrawal delays from the exchange.

Multiple users have shared their experiences of pending transactions that have remained unresolved for several days.

Binance.US experienced a surge in withdrawal requests in response to its advisory urging users to withdraw their USD balances before June 13. The exchange attributed this decision to its banking partners’ abrupt halt of its USD payment channels.

Binance.US Response

A Binance.US email response shared on Twitter showed that the exchange said the volume of requests it had to honor caused the delays. According to the email, the exchange has processed more than 85% of the 285,000 withdrawal requests it had received.

The exchange further stated that its banking partners’ decision to restrict access to its accounts before the Court heard the SEC freeze request exacerbated the situation. Meanwhile, Binance.US and t

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Author: Oluwapelumi Adejumo

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