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Binance US Ends FDIC Insurance for Crypto Holdings, Citing Updated Terms of Service

Posted on 10/18/2023

Binance US Ends FDIC Insurance for Crypto Holdings, Citing Updated Terms of Service

The US Branch of the world's largest crypto exchange, Binance US, recently communicated to its users that their cryptocurrency deposits are no longer covered by Federal Deposit Insurance Corporation (FDIC) insurance.

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