Binance.US Makes Partnership With MoonPay

If you don't get easy access to transfer fiat into crypto and vice-versa, that is a problem. You want to trade cryptocurrency in the crypto exchange or invest in crypto, but dealing with issues on ramps and off ramps crypto will discourage you. Binance US has made a partnership with crypto payment startup MoonPay and it will enable US customers to purchase USDT stablecoin.

That would be great. US users can use MoonPay to buy USDT and then they can use USDT to buy any cryptocurrencies. MoonPay supports debit cards, credit cards as well as mobile payment systems like Apple Pay and Google Pay. So they can their preferred method of payment to purchase USDT via MoonPay.

Users can sell USDT and convert it into USD. Binance.US suspended USD deposits in the exchange. Some well-known crypto-friendly banks including Silicon Valley, Silvergate, and Signature Bank collapsed which makes it difficult to on-ramp and off-ramp crypto.

The regulatory crackdown on crypto makes the situation more challenging. As you know Binance is facing a lawsuit from the SEC in the United States. Moreover, the Commodity Futures Trading Commission (CFTC) also filed a lawsuit against Binance and the exchange is trying to solve this issue. The crypto exchange has to make tough decisions to deal with ongoing challenges.

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