Binance.US Partners with MoonPay as U.S. Banks Cut Ties

Binance.US, the American arm of the popular cryptocurrency exchange Binance, has turned to crypto startup MoonPay for on- and off-ramp services after U.S. banks severed ties with the exchange. MoonPay will provide Binance.US users with the ability to purchase and convert cryptocurrencies to fiat, depositing funds into their U.S. bank accounts. MoonPay emphasizes its rigorous KYC checks on all customers and supports various partners and exchanges with this functionality.