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Binance.US to remove these trading pairs; pauses OTC Trading Portal
On 7 June, the U.S. arm of the crypto exchange Binance decided to delist various trading pairs in light of the ongoing lawsuit with the U.S. regulator SEC.
- Binance.US announced the removal of select advanced trading pairs as of 7 June.
- Furthermore, it also decided to put a halt on the OTC trading portal
Binance has been in the limelight for three days straight now. On 5 June, the SEC launched a lawsuit against the U.S. arm of the crypto exchange. This was followed by the SEC’s attempts to freeze the exchange’s assets on 6 June. Come 7 June, Binance.US made an announcement that it would remove select trading pairs and decided to put a pause on OTC trading.
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Drawback after drawback
On 7 June, Binance.US released an announcement via its website that it would remove some selected advanced trading pairs on 8 June at 12 pm EDT. The announcement further stated that the exchange has also decided to streamline its Buy, Sell, and Convert offerings.
Furthermore, the exchange also notified the community that it paused its OTC trading portal. However, the announcement also stated that the community would be notified as and when the OTC trading platform becomes available again.
Binance.US presented the following list of trading pairs along with the announcement. Furthermore, the news also stated that customer funds remain safe and deposits and withdrawals will function normally for all users.
CZ and the rumors…
Amid the ongoing debacle with the SEC and all the events that transpired with Binance, there has been a lot of FUD in the market. The CEO of Binance, CZ, took to Twitter to address one such story that has been in circulation.
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As per CZ’s tweet, news that was widely circulated in Asia stated that CZ had a showdown with an American inspection agency that led to open fire. This is not the first time that the Binance CEO has been a target of tittle-tattle in the market in light of an ongoing issue.
Oh, and I got shot 27 times… Who TF comes up with shit like these?
— CZ ? Binance (@cz_binance) June 7, 2023
With everything that was going on, data from CoinMarketCap stated that Binance Coin [BNB] was trading at $260 at the time of writing. Furthermore, BNB’s press time price was 7.35% lower in the last 24 hours and was down by a massive 15.02% in the last seven days.
