Binance.US delisting 40 pairs, OTC trading paused.
- Binance.US will remove advanced trading pairs for coins like AAVE, BCH, and MKR on June 8.
- 40 coins with advanced trading pairs of USDT, BTC, and BUSD will be delisted.
- Binance.US has paused OTC trading, but users can still withdraw and deposit.
Binance.US, the US-based subsidiary of the world’s largest cryptocurrency exchange Binance, announced that it will remove 40 trading pairs.
The exchange also revealed that it has paused OTC trading. This news came one day after the SEC attempted to freeze the assets of the company following a lawsuit against Binance and its CEO Changpeng Zhao.
“After careful consideration, Binance.US will remove select Advanced Trading pairs on June 8, 2023 at 9 a.m. PDT / 12 p.m. EDT,” the exchange wrote in a notice to users.
“We have also decided to streamline our Buy, Sell & Convert offering and have paused our OTC Trading Portal. Your assets remain safe and secure with Binance.US, and deposits and withdrawals continue to function as normal.”
- Binance CEO summoned by US District Court over SEC action.
- Cathie Wood, CEO of ARK Invest, increased her investment in blockchain after the SEC lawsuit.
- SEC seeks to freeze Binance.US assets, details in motion.
According to the notice published on Wednesday, June 7, 2023, Binance.US plans to delist advanced trading pairs for 40 altcoin pairs of USDT, BTC, and BUSD.
The majority of the pairs, 30, are for USDT and include 1INCH/USDT, AAVE/USDT, BCH/USDT, CHZ/USDT, COTI/USDT, MANA/USDT, MKR/USDT, and ZEC/USDT.
The platform will also delist eight BTC pairs and two BUSD pairs, with the former including ATOM/BTC, BCH/BTC, DOT/BTC, LRC/BTC, MANA/BTC, UNI/BTC, VET/BTC, and XTZ/BTC. The BUSD stablecoin pairs to be removed are HBAR/BUSD and ONE/BUSD.
