Binance US decorated 101 trading pairs according to arrangement for freezing the second

Binance US decorated 101 trading pairs according to arrangement for freezing the second

The US subsidiary of Binance announced the distance of over 100 advanced trading pairs on Wednesday and paused its OTC trading portal after the SEC exerted legal pressure at the beginning of this week.

The target pairs include: aave/usdt, comp/USDT, EOS/USDT and BCH/BTC.

Binance has legal problems in the USA

Binance US did not indicate why the sudden removal of pairs was necessary, however, assured users that their assets "remain safe" on the platform. The campaign will be effective on June 8th at 12:00 p.m. EDT and deposits and withdrawals will continue to be processed normally.

Binance us

The change reduces the "conversion" trading pairs supported by the platform to 226. Buying, sales and conversion options remain available for most top cryptocurrencies after market capitalization, including BTC, ETH, USDT, USDC, Doge and others.

The stock exchange made no indication that it plans to reintroduce such trading pairs. While his OTC desk is currently "paused", the company said that the users would notify it if it was "available again in the coming weeks and months".

The Securities and Exchange Commission has a interim decision on Tuesday to freeze its asset, only one day after the agency against the agency against had submitted the stock exchange and its international parent company.

The stock exchange was also instructed to attribute customers for all Fiat currencies and digital assets that are kept on the Bony-US platform within 10 days of receipt of the injunction. This included assets in connection with their staking-as-a-service program for the SEC, which aimed at Coinbases equivalent program on the same day.

mixing of money?

In the submission, special emphasis was attached to bringing all customer assets back under the control of Binance Us, which is otherwise checked either by Binance or his CEO Changpeng Zhao. While Binance and Binance US are supposedly independent units, the SEC claimed in its complaint on Monday that billions of dollars were "mixed" by dollars by both platforms in a Zhao-own unit called Merit Peak Limited.

"Within 5 days after this injunction, the defendants ... The defendant Binance, remove the defendant Zhao and each of the bony companies as signatories or authorized persons, to include assets from all accounts and/or wallets that contain customer assets," it says. Within 30 days, all customer funds must be kept in wallets that are checked by new private keys and administrative keys.

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