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.
Binance.US Removes Major Trading Pairs Amid Legal Uncertainty
Binance.US reported that it has halted its over-the-counter (OTC) trading portal. 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…
(THIS IS A DEVELOPING STORY)
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.