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Binance.US to Remove 10 Trading Pairs and Suspend OTC Trading

by Vaibhav
June 9, 2023
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June 8 at 19:00 (Kyiv / Moscow time) the American division of the Binance crypto exchange remove 10 trading pairs in conjunction with Bitcoin and BUSD from the advanced trading section.

The list includes: ATOM/BTC, BCH/BTC, DOT/BTC, LRC/BTC, MANA/BTC, UNI/BTC, VET/BTC, XTZ/BTC, HBAR/BUSD and ONE/BUSD.

The platform planned to remove several trading pairs with USDT, however, “following feedback from the communities”, canceled the decision.

Binance.US also announced the suspension of its OTC trading portal. The company will notify users of the exact shutdown date “in the coming weeks and months.”

On June 5, the US Securities and Exchange Commission (SEC) sued Binance and its CEO Changpeng Zhao. The regulator brought 13 charges, including the sale of unregistered securities.

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Reports later surfaced that the agency’s claims were similar to those filed by the agency against the failed FTX crypto exchange and its subsidiary Alameda Research.

The SEC asked the court to freeze the assets of Binance.US. Representatives of the company called the actions of the regulator “unreasonable.”

Recall that in early June, Binance announced the delisting of 12 anonymous tokens in four EU countries – France, Italy, Poland and Spain.

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binance_exploit-min

June 8 at 19:00 (Kyiv / Moscow time) the American division of the Binance crypto exchange remove 10 trading pairs in conjunction with Bitcoin and BUSD from the advanced trading section.

See also  Twitter's Meta rival Threads to launch on July 6, but will the cryptocurrency community budge?

The list includes: ATOM/BTC, BCH/BTC, DOT/BTC, LRC/BTC, MANA/BTC, UNI/BTC, VET/BTC, XTZ/BTC, HBAR/BUSD and ONE/BUSD.

The platform planned to remove several trading pairs with USDT, however, “following feedback from the communities”, canceled the decision.

Binance.US also announced the suspension of its OTC trading portal. The company will notify users of the exact shutdown date “in the coming weeks and months.”

On June 5, the US Securities and Exchange Commission (SEC) sued Binance and its CEO Changpeng Zhao. The regulator brought 13 charges, including the sale of unregistered securities.

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Reports later surfaced that the agency’s claims were similar to those filed by the agency against the failed FTX crypto exchange and its subsidiary Alameda Research.

The SEC asked the court to freeze the assets of Binance.US. Representatives of the company called the actions of the regulator “unreasonable.”

Recall that in early June, Binance announced the delisting of 12 anonymous tokens in four EU countries – France, Italy, Poland and Spain.

Subscribe to Cryplogger on social networks

Found a mistake in the text? Select it and press CTRL+ENTER

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