As the regulatory battle intensifies between Binance.US and SEC, the US-based subsidiary of the world’s largest cryptocurrency exchange Binance, has announced it will delist 40 trading pairs and has also paused its Over The Counter (OTC) trading. This decision comes after the U.S. Securities and Exchange Commission (SEC) sought to freeze the company’s assets following a lawsuit against Binance and its CEO, Changpeng Zhao.
The delisting, which will take effect on June 8, 2023, will impact advanced trading pairs of USDT, BTC, and BUSD. The majority of the pairs being delisted are for USDT and include 1INCH/USDT, AAVE/USDT, BCH/USDT, CHZ/USDT, COTI/USDT, MANA/USDT, MKR/USDT, and ZEC/USDT. The platform will also delist eight BTC pairs and two BUSD pairs.
Despite these changes, Binance.US has assured its users that their assets remain safe and secure, and deposits and withdrawals continue to function as normal.
