Access to fiat services begins Wednesday, and will be gradually rolled out to all eligible customers over the coming days, Binance.US said.

Binance.US said its customers will soon be able to deposit and withdraw US dollars on the crypto exchange for the first time in almost two years.

Binance.US said fiat services have been restored after the exchange was forced to go “crypto-only” due to the SEC’s “intimidating tactics.”

Binance.US, the American arm of the global cryptocurrency exchange Binance, has reinstated US dollar deposit and withdrawal services after nearly a year and a half. The resumption follows a period of regulatory challenges, including a lawsuit from the US Securities and Exchange Commission (SEC) in June 2023.

Binance US has officially resumed its US dollar services. US customers can make deposits and withdrawals in US dollars via bank transfer (ACH). This happens after 18 months of restrictions, claiming regulatory clarity.