Companies • June 7, 2023, 12:42PM EDT
UPDATED: June 7, 2023, 12:48PM EDT

Binance.US to pause OTC Trading Portal, delist some trading pairs after SEC suit

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Quick Take

  • Binance.US will delist about a third of its current trading pairs
  • The firm will also pause its OTC Trading Portal.
  • The move comes two days after the SEC sued Binance. 

Binance.US, the U.S. entity of crypto exchange Binance, will delist around 100 trading pairs on June 8. That's nearly a third of its current trading pairs.

The exchange said it will also pause its OTC Trading Portal, an "over-the-counter" trading system that lets buyers and sellers trade without using a public order book.

The move comes after the U.S. Securities and Exchange Commission sued Binance on June 5, alleging that the firm engaged in violations that should bar it and CEO Changpeng 'CZ' Zhao from further business operations in the U.S. 

The affected trading pairs include FLOW/USDT, APE/USDT, MANA/BTC and others.

"Your assets remain safe and secure with Binance.US, and deposits and withdrawals continue to function as normal," the company said. 

 


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