Binance.US Decides to Delist 100 Trading Pairs

Binance.US, the US arm of the world’s largest cryptocurrency exchange Binance, has announced that it will be ending support for over 100 trading pairs on its platform effective June 8. Information about this appeared on the website Binance.US. The decision came after the US Securities and Exchange Commission (SEC) requested a freeze on the company’s assets in connection with a lawsuit against Binance and its CEO Changpeng Zhao.

“After careful consideration, Binance.US will discontinue support for certain trading pairs on June 8, 2023,” the exchange wrote in a notice to users. “Your assets are still safe on Binance.US and deposits and withdrawals continue to work as usual.”

According to the published notice, the delisting will affect trading pairs with USDT, BTC and BUSD.

The US Securities and Exchange Commission filed an emergency petition in federal court in Washington, DC. She asked the court to freeze the assets of the Binance US platform and block both cryptocurrency and fiat currency owned by the service’s customers.

The corresponding court order will apply to dozens of accounts in financial institutions such as Axos Bank, closed by the authorities of Silvergate Bank, Prime Trust, and others. The regulator argues that asset limits need to be put in place to “prevent available assets from being wasted for any adjudication.” The SEC, in its motion, requires Changpeng Zhao to “state the reason why a preliminary injunction” cannot be issued.

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