Binance's Backflip: Navigating the Crypto Giant's Suspension of Dollar Transactions

In a recent setback for crypto exchange Binance, its US arm is suspending dollar transactions as its payment partners signal a pause in US currency activity with the company. Following this development, Binance US announced that dollar dealings via banks and other payment partners could be halted as early as June 13. Moreover, the exchange will start to delist trading pairs involving the US currency and plans to transition into a crypto-only exchange.