+0.43% Bitcoin (BTC) 93198.7 EUR
-0.31% Ethereum (ETH) 3318.33 EUR
+0.29% Litecoin (LTC) 79.47 EUR
+2.35% B-Cash (BCH) 414.06 EUR
-0.61% Ethereum (ETH) 0.0359661 BTC
-0.58% Litecoin (LTC) 0.00086153 BTC
+1.98% B-Cash (BCH) 0.00445713 BTC
+0.18% Bitcoin (BTC) 109166.0318 USDC
+0.19% USD Coin (USDC) 0.86 EUR
-2.55% Chainlink (LINK) 15.21 EUR
-3.07% Chainlink (LINK) 0.00016325 BTC
-1.25% Dogecoin (DOGE) 0.16 EUR
-1.65% Dogecoin (DOGE) 0.00000178 BTC
+0.43% Uniswap (UNI) 5.38 EUR
0.00% Uniswap (UNI) 0.00005787 BTC
-0.99% Cardano (ADA) 0.55 EUR
-1.16% Cardano (ADA) 0.00000593 BTC
+1.35% Tron (TRX) 0.28 EUR
+0.66% Tron (TRX) 0.00000302 BTC
0.00% Shiba Inu (SHIB) 0.00000862 EUR
+10.78% Zcash (ZEC) 239.84 EUR
0.00% Zcash (ZEC) 0.0004242 BTC
-1.84% Basic Attention Token (BAT) 0.15 EUR
0.00% TradeFlow (TFLOW) 0.12216892 BUSD
-1.32% Arbitrum (ARB) 0.3061 USDC
-2.79% Chainlink (LINK) 17.45 USD
-2.68% Chainlink (LINK) 17.50001 USDC
-0.06% Uniswap (UNI) 6.17 USDC
-0.65% Ondo (ONDO) 0.61 EUR
-0.82% Ondo (ONDO) 0.71636 USDC
-0.63% Gala (GALA) 0 EUR
-1.37% Gala (GALA) 0.01078 USDC
-1.43% Wormhole Token (W) 0.06 EUR
-1.64% Wormhole Token (W) 0.0716 USDC
+0.07% Chiliz (CHZ) 0.02 EUR
-0.34% Chiliz (CHZ) 0.03218 USDC
-1.11% Sand (SAND) 0.17 EUR
-0.87% Sand (SAND) 0.2049 USDC
-1.59% Aave (AAVE) 186.81 EUR
-1.70% Aave (AAVE) 216.91 USDC
-0.57% Curve DAO (CRV) 0.45 EUR
-1.12% Curve DAO (CRV) 0.525 USDC
+1.69% Immutable X (IMX) 0.43 EUR
+1.21% Immutable X (IMX) 0.5073 USDC
-3.98% Synthetix Network Token (SNX) 1.23 EUR
-4.10% Synthetix Network Token (SNX) 1.424 USDC
0.00% Skale (SKL) 0.07 USDC
+0.46% Beam (BEAM) 0 EUR
+0.19% Beam (BEAM) 0.00504 USDC
0.00% Axelar (AXL) 1.05 USDC
-1.89% Livepeer Token (LPT) 4.19 EUR
-1.88% Livepeer Token (LPT) 4.882 USDC
+1.02% Compound (COMP) 31.59 EUR
+1.29% Compound (COMP) 36.64 USDC
-4.08% Yield Guild Games Token (YGG) 0.11 EUR
-5.09% Yield Guild Games Token (YGG) 0.1377 USDC
-0.67% Coti (COTI) 0.02 EUR
-1.74% Coti (COTI) 0.0337 USDC
0.00% Portal (PORTAL) 1.1 USDC
-5.33% Sushi (SUSHI) 0.45 EUR
-5.79% Sushi (SUSHI) 0.5255 USDC
-3.58% Pepe (PEPE) 0 EUR
-4.18% Pepe (PEPE) 0.00000686 USDC
-3.47% Optimism (OP) 0.37 EUR
0.00% Polygon (MATIC) 0.2 EUR
-2.62% Solana (SOL) 159.33 EUR
-0.73% Solana (SOL) 0.0017068 BTC
+0.06% Solana (SOL) 0.047777 ETH
+0.54% USD Coin (USDC) 0.75 GBP
0.00% USD Coin (USDC) 1 USDT
0.00% USD Coin (USDC) 145.58 JPY
0.00% USD Coin (USDC) 4.25 PLN
0.00% USD Coin (USDC) 10.93 SEK

Binance.US taps MoonPay as banking alternative to regain USD ramps

08-23-2023

After having its banking ties slashed, crypto exchange Binance.US has revived its United States dollar on-ramp through a new partnership with MoonPay.

Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. dollar-pegged stablecoin Tether USDT tickers down $1.00 to use on its platform. 

The crypto exchange announced on Aug. 22 that USDT was being adopted as the new “base asset” for all transactions, and its partnership with MoonPay allows a path for users to transact in USD.

The new partnership comes in the wake of Binance.US suffering a breakdown with its banking partners, which saw fiat deposits on the exchange halted as of June 9.

At the time, it cited “aggressive and intimidating” tactics from the Securities and Exchange Commission — which sued the exchange and its affiliates four days prior — as the reason for the disruption.

Binance.US customers looking to fund their accounts can now exchange dollars for USDT, which can in turn be used to purchase other cryptocurrencies on the platform, according to the statement.

While direct bank deposits remain disabled on Binance.US, the partnership offers users an on-ramp that supports purchases through debit and credit cards along with Apple and Google Pay.

On June 23, the exchange experienced a series of issues with USD-denominated withdrawals but managed to temporarily recover the functionality. At the time, it warned that the service would be discontinued in the near future.

Prior to Binance.US and its affiliates being hit by a lawsuit from the SEC, the exchange supported the purchase and sale of popular cryptocurrencies through direct USD deposits and withdrawals.

In March, a number of crypto exchanges and service providers lost their banking partners amid a wider banking crisis that saw a number of crypto-friendly banks — Silicon Valley Investment Bank, Silvergate and Signature Bank — all collapse within the span of a few weeks.

Source:Cointelegraph.

More from this category

Former Ethereum dev Virgil Griffith asks for resentencing in North Korea case

04-18-2024

Griffith’s attorneys are asking for a sentence reduction from 63 months to 51 months or less. Former Ethereum developer Virgil Griffith, who was handed a 63-month prison term in 2022 for assisting No...

Unharmonized regulation threatens stablecoin usability — BIS report

04-11-2024

Uniform requirements are needed to integrate stablecoins into the international financial system. The Bank for International Settlements (BIS) has found that despite their promise, the use of stablec...

Thailand’s biggest crypto exchange goes on hiring spree ahead of IPO

04-01-2024

Bitkub targets to go public on the Stock Exchange of Thailand in 2025 and is planning to hire 1,000 employees by IPO launch. Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurre...