The distressed crypto exchange Binance US has announced that it will remove advanced trading pairs of over 100 crypto assets and suspend its over-the-counter trading portal, according to reports on June 7. statement.
Binance.US Removes USDT, BTC, BUSD Advanced Trading Pairs For Digital Assets Including Bitcoin Cash, Aave, ApeCoin, Uniswap, Zcash By June 8th 9am PDT / 12pm EDT To do.
The breakdown of deletions showed that 95 assets were paired with USDT, 8 cryptocurrencies were paired with Bitcoin, and 2 were paired with BUSD.
The exchange has not provided any details as to why it has removed trading pairs for these assets.
The move comes less than a day after the US Securities and Exchange Commission (SEC) sought an injunction seeking to freeze the assets of Binance US parent company BAM.
SEC-labeled security tokens are affected
Meanwhile, the affected trading pairs included digital assets that the SEC labeled as cryptographic security tokens in its June 5 lawsuit against the company. These trading pairs include AXS/USDT, ATOM/USDT, COTI/USDT, MANA/BTC, MANA/USDT. .
It is unclear whether the SEC classification influenced Binance US’s decision to delist these trading pairs. Binance US has yet to respond of crypto slate Requests for comment at press time.
Additionally, the exchange said it is streamlining its offer of buying, selling and converting into 20 digital assets, including Bitcoin, Cardano, BNB, Tether, USD Coin, and others. The exchange further noted that it has reduced the number of supported convert trading pairs to 226.
Binance US added that users’ funds and assets remain safe and deposits and withdrawals work optimally.
The article, Binance US Removes Over 100 Advanced Trading Pairs Amid SEC Oversight, first appeared on CryptoSlate.
