NewsletterBreaking: Binance US To Remove Hundreds Of Trading Pairs; Halts OTC Trading
Binance News: The U.S. arm of the world’s biggest exchange Binance on Wednesday announced that it will be removing hundreds of thousands of trading pair on June 8, 2023. This major development comes in when the Securities and Exchange Commission (SEC) filed an emergency motion in the federal court to freeze the Binance.US platform.
Also Read: US Court Interrupts SEC’s Enforcement Against Crypto Exchanges
Binance.US Removes Major Trading Pairs
Binance.US reported that it has halted its over-the-counter (OTC) trading portal. The exchange hasn’t mentioned the estimated time of resuming this service. It assured that the user assets will remain safe and secure with the crypto exchange, while deposits and withdrawals will function normally.
The crypto exchange mentioned that it will remove USDT, BTC, and BUSD Advanced Trading pairs including AAVE/USDT, AXS/USDT, BCH/USDT, 1INCH/USDT, APE/USDT, ATOM/BTX, DOT/BTC, UNI/BTC, MANA/BTC, and HBAR/BUSD.
Binance’s U.S. arm in order to make its convert offering efficient, will reduce the number of supported convert trading pair to 226. The crypto exchange will be supporting crypto assets including USDT, USDT, USDC, BNB, ETH, BTC, FET, ATOM, APT, MATIC, and LTC. However, the list also includes meme coins Dogecoin (DOGE) and Shiba Inu (SHIB). Read More Binance News Here…
Largest Crypto Exchange Face Legal Uncertainty In US
As per reports, the commission moved forward in the federal court to freeze Binance.US’s assets. The freezing order includes two of Binance’s U.S. holding companies. However, the order would apply to the exchange’s accounts held in Silvergate Bank, Axos Bank, Prime Trust, and more.
Also Read: This Amendment In US Crypto Bill Can Lead SEC To Reimburse On Losing
Binance’s BNB price registered a major drop as US SEC filed 13 different charges on the world’s largest crypto exchange. BNB price is down by 14% in the last 7 days. It is trading at an average price of $263, at the press time.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Kevin Hassett Opens Door to Fed Chair Role as Markets Show 87% Odds of Third Rate Cut
- Elon Musk Says Bitcoin Is True Energy Currency as Peter Schiff Labels It ‘Fake Asset’
- Michael Saylor Hints Fresh Bitcoin Buy With “Green Dots” Tease
- Arthur Hayes Flags High Downside Risk in Tether’s Shift Toward Bitcoin and Gold Reserves
- Peter Schiff Predicts Bitcoin Decline Will Extend Into December as BTC Closes Out Red November
- Will Fusaka Upgrade Push Ethereum Price to New Highs?
- Bitcoin Price Poised for a $100k Run as Coinbase Premium Turns Positive
- XRP Price Prediction: Why XRP Could Rally to $3 This Week?
- Ethereum Price Prediction 2025: How High Can ETH Go by Year-End?
- CoinShares Withdraws Staked Solana ETF Proposal: What’s Next for Solana Price?
- XRP Price Forms Alarming Death Cross Amid Intense Whale Dumping
