Key Points:
- Binance.US has announced that it will update its delisted trading pairs and suspend its over-the-counter (OTC) Gateway in the wake of the SEC complaint.
- Previously, the total number of trading pairs was delisted up to 100, now only BUSD pairs remain.
According to the official announcement, Binance.US issued a delisting update because of community feedback.
The exchange will no longer delete any USDT advanced trading pairs, and all cryptocurrencies and USDT pairs can still be traded. Only some advanced trading pairs of BTC and BUSD are removed.
Binance.US will delete the following advanced trading pairs of BTC and BUSD at 12 p.m. EDT on June 8: ATOM/BTC, BCH/BTC, DOT/BTC, LRC/BTC, MANA/BTC, UNI/BTC, VET/BTC, XTZ/BTC, HBAR/BUSD, and ONE/BUSD.
It reminds users that all cryptocurrency transactions are still available, and only some advanced trading pairs are affected.
In addition, Binance.US will simplify buying, selling, and switching products and reduce the number of supported switching trading pairs to 226, and the maximum order amount has been updated to $10,000. The exchange has suspended its OTC trading portal services until further notice in the coming weeks and months.
The move comes after pressure from the U.S. Securities and Exchange Commission (SEC) with exchanges Binance and Coinbase.
With back-to-back enforcement proceedings against two of the most famous digital asset companies, Binance and Coinbase, the SEC ultimately established its legal case against the sector and set up future court confrontations that might determine everything.
Aside from the extensive web of deceit referenced in the SEC’s action against Binance, the enforcement double feature also played a significant role in the SEC’s primary case against the crypto business model’s conflict with long-standing securities regulations. The agency contends in these actions and months of previous enforcement and speeches that virtually every business activity conducted by crypto platforms must be registered with the agency and must follow securities regulations under the watchdog’s oversight and that virtually every crypto asset they handle should also be registered as securities.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
Coincu News
Source: https://news.coincu.com/193189-binanceus-updated-new-delist/