Binance US has announced that it will delist many pairs after the SEC’s lawsuit.
After the SEC lawsuit, Binance’s US arm, Binance US, announced that it will terminate some trading pairs. As of today, the SEC announced that it has frozen the assets of Binance US.
Binance US Stops Trading Many Pairs After SEC Litigation
Binance’s U.S. arm has suspended its OTC trading platform and reduced the number of supported converting pairs.
Binance US suspended trading services for various cryptocurrencies on June 7. The move comes after a lawsuit filed earlier this week by the United States Securities and Exchange Commission against Binance entities and leadership.
Binance US included the following statements in its statement:
“After careful consideration, Binance US will remove selected Advanced Trading pairs on June 8, 2023 at 19.00 CET / 22:00 CET. We have also decided to modernize our Buy, Sell and Convert offering and pause our OTC Trading Portal.”
Binance US shared the stopped trading transactions in a statement. Binance US has removed many token pairs in BTC, USDT and BUSD.
