Binance US removes 100+ superior buying and selling pairs amid SEC scrutiny

2 views 6:40 am 0 Comments June 8, 2023

Embattled crypto change Binance US mentioned it might take away superior buying and selling pairs for over 100 crypto belongings and pause its over-the-counter buying and selling portal, in response to a June 7 assertion.

Binance.US will take away USDT, BTC, and BUSD superior buying and selling pairs for digital belongings like Bitcoin Money, Aave, ApeCoin, Uniswap, Zcash, and others, on June 8 by 9 a.m. PDT / 12 p.m. EDT.

A breakdown of the removals confirmed that 95 belongings have been paired with USDT, eight cryptocurrencies have been paired with Bitcoin, and two have been paired with BUSD.

Binance US token delist
Impacted Superior Buying and selling Pairs (Supply: Binance.US)

The change didn’t embrace additional particulars of why it eliminated these belongings’ buying and selling pairs.

The transfer is coming lower than a day after the U.S. Securities and Alternate Fee (SEC) sought a restraining order to freeze the belongings of Binance.US’s guardian firm, BAM.

SEC-labeled safety tokens impacted

In the meantime, some affected buying and selling pairs included digital belongings the SEC had labeled crypto safety tokens in its lawsuit towards the agency on June 5. These buying and selling pairs embrace AXS/USDT, ATOM/USDT, COTI/USDT, MANA/BTC, and MANA/USDT.

It was unclear if the SEC’s classification had impacted Binance US’s determination to delist these buying and selling pairs. Binance US was but to answer CryptoSlate’s request for remark as of press time.

Moreover, the change acknowledged that it was streamlining its purchase, promote & convert providing to twenty digital belongings, together with Bitcoin, Cardano, BNB, Tether, USD Coin, and others. The change additional famous that it had lowered the variety of supported Convert buying and selling pairs to 226.

Binance US added that its customers’ funds and belongings remained secure and safe, including that deposits and withdrawals perform optimally.

The publish Binance US removes 100+ superior buying and selling pairs amid SEC scrutiny appeared first on CryptoSlate.

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