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CDS Airdrop & Listing Binance US Updated New Delist List From More Than 100 Trading Pairs To 10

Airdrop & Listing

Binance US Updated New Delist List From More Than 100 Trading Pairs To 10

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.

Aziz KARTAL08/06/20231 Mins read818

Binance US updated new delist list. Following the SEC complaint, Binance.US has revealed its plans to revise the trading pairs that have been delisted and temporarily halt its over-the-counter (OTC) Gateway. Previously, a significant number of trading pairs, reaching up to 100, were delisted, but now only BUSD pairs will be available.

Binance US Updated New Delist List From More Than 100 Trading Pairs To 10

Binance.US has made changes to its trading pairs, specifically targeting advanced trading pairs of BTC and BUSD. However, all other cryptocurrencies and USDT pairs remain unaffected and can still be traded on the platform.

The following advanced trading pairs of BTC and BUSD will be removed 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.

The exchange wants to emphasize that users can still engage in cryptocurrency transactions without any disruption, as only a limited number of advanced trading pairs are being impacted.

Additionally, Binance.US aims to streamline the buying, selling, and switching of products. They have reduced the number of supported switching trading pairs to 226 and updated the maximum order amount to $10,000. Moreover, the OTC trading portal services have been temporarily suspended until further notice in the upcoming weeks and months.

These changes come as a response to the U.S. Securities and Exchange Commission’s (SEC) pressure on Binance and Coinbase exchanges. The SEC’s enforcement actions against these prominent digital asset companies have established its legal stance and set the stage for future legal proceedings that could have far-reaching implications.

Apart from the SEC’s allegations against Binance, the enforcement actions against both Binance and Coinbase have played a significant role in highlighting the conflict between the crypto business model and traditional securities regulations.

The SEC argues that crypto platforms must register with the agency and comply with securities regulations for virtually all their business activities, as well as register any crypto assets they handle as securities. This viewpoint has been reiterated in the SEC’s enforcement actions, speeches, and previous months of regulatory efforts.

To access more listing news: cryptodataspace.com

Sources:newscoincu

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Aziz KARTAL

Aziz Kartal is 21 years old. He is a student at the Gazi University, Department of Electrical and Electronical Engineering. He works as content writer, researcher and social media manager. He generally research about Web3, Blockchain Security and Cybersecurity.