CDS Crypto News Binance Decided to Withdraw from Australia Due to Harsh Policies
Crypto News

Binance Decided to Withdraw from Australia Due to Harsh Policies

750
Binance Decides to Withdraw from Australia Due to Harsh Policies

Many Australian dollars (crypto-to-AUD) spot trading pairings will be delisted on June 1, according to Binance, the largest centralized cryptocurrency trading venue, and exchange in the world by trading volume.

Binance Decided to Withdraw from Australia Due to Harsh Policies

Binance has announced that it would discontinue service for many BTC, AUD, and altcoin pairings on its spot trading platform.

Which Trading Pairs will be Delisted?

According to an official announcement made by the team on May 26, the following trading pairs will be delisted:

  • ADA/AUD
  • AUD/BUSD
  • AUD/USDT
  • BNB/AUD
  • BTC/AUD
  • DOGE/AUD
  • ETH/AUD
  • GALA/AUD
  • MATIC/AUD
  • SOL/AUD
  • XRP/AUD

All of the pairs listed above will be delisted on June 1, 2023, at 06:00 (UTC).

Binance Australia Faces Difficulties

The Australian division of cryptocurrency exchange Binance recently experienced a setback when the regional platform lost access to various Australian dollar deposit services and issued a withdrawal warning.

It was not stated by Binance Australia why it was forbidden or when the temporary suspension of the service would end. The exchange stated that it was searching for an option instead. It also advised clients of Binance Australia to switch to its peer-to-peer marketplace.

Westpac Banking Corp., the second-largest retail bank in the nation, reportedly forbade its customers from trading with Binance, according to the Australian Financial Review. It had previously claimed that certain cryptocurrency payments had been banned in order to stop losses brought on by fraud. However, no exchanges were mentioned, and no other details were provided.

Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

%s Comment

Related Articles

Forecasting AMP Token’s Future: Is 10 Dollars, 100 Dollars, or Even 1000 Dollars Feasible?

Assessing the feasibility of AMP Token reaching $10, $100, or $1000 in...

BNB Token from Binance Fails to Join the 180 Billion Dollars Crypto Surge – Could XRP Be the New Contender?

Despite all-ten cryptocurrencies experiencing double-digit returns in the past week, the BNB...

Meta Unwraps New Features Aimed at Curbing the Misapplication of its AI Technology

Meta announces new updates to its AI assistant, Meta AI.

JPMorgan Eyes Bitcoin ETF Launch, Notes ETF Expert Nate Geraci

According to ETF Prime host Nate Geraci, there's speculation that JPMorgan might...