Binance.US Delists 102 Trading Pairs, Pauses OTC Trading - Binance’s exchange in the US, Binance.US, has delisted a series of trading pairs just 2 days after being sued by the SEC.

    Binance.US, the US-based subsidiary of the world’s largest crypto exchange BInance, has announced it would delist a large number of trading pairs of USDT, BTC and BUSD. Select Advanced Trading pairs will be removed including 92 trading pairs of USDT, 8 trading pairs of BTC and 2 trading pairs of BUSD – a total of 102 trading pairs. The action will take effect at 12 pm EDT on June 8, and deposits and withdrawals will continue to process normally.

    The change brings the platform’s supported “convert” trading pairs down to 226. Buy, sell, and convert options remain available for most top cryptocurrencies by market capitalization, including USDT, USDC, BNB, ETH, BTC, FET, ATOM, APT, MATIC, LTC, DOGE, SHIB, FTM, APE, SOL, LINK, ADA, DOT, GALA and AVAX. 

    In addition, Binance.US also pauses its OTC trading portal, It is still unclear why Binance delisted such a large number of trading pairs. Trading pairs delisted include both tokens accused of being securities in the SEC lawsuit and other tokens.

    Binance.US is involved in an extremely intense lawsuit that shakes the entire crypto market. The SEC on June 5 sued the world’s largest crypto exchange Binance and CEO Changpeng Zhao for US securities violations. The SEC filed 13 charges alleging that the company engaged in an extensive web of deception, conflicts of interest, lack of disclosure and calculated evasion of law. Binance.US was also accused of mixing customer deposits and company funds to trade through Merit Peak and Sigma Chain that are believed to be owned by Zhao.

    In response, Binance asserted that users’ funds on Binance.US are never at risk. The SEC on June 7 continued to ask the court to freeze Binance.US assets. BNB yesterday declined to a new low of $253, although the crypto market had previously shown signs of a slight recovery. This is the lowest price recorded since mid-January 2023.

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