🚨 **Crypto Exchange Update** 🚨

Binance US has recently communicated to its users that their cryptocurrency deposits are no longer covered by the Federal Deposit Insurance Corporation (FDIC) insurance. Some key points:

- Binance US previously claimed to have FDIC insurance, safeguarding up to $250,000 in 2019.

- The change aligns with FDIC's recent statement that deposits with crypto-based financial service providers aren't FDIC-protected.

- Per updated terms, Binance US users are now required to convert dollars into stablecoins or cryptocurrencies for withdrawals.

Always be aware of terms and conditions on crypto exchanges!

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