Binance US to discontinue mass currency pairs

Due to the SEC lawsuit

Binance US announced on the 8th that it will be discontinuing more than 90 cryptocurrency pairs. It will be held at 9:00 local time on the 8th (9a.m.PDT/12p.m.EDT.).

The deprecated pairs are mainly USDT pairs, but also some BTC and BUSD pairs. Note that this does not mean that the stock is delisted.

Source: Binance US

He also said that the OTC Trading Portal service has already been discontinued.

As for Binance.US, the U.S. Securities and Exchange Commission (SEC) just ordered a court to freeze the assets of the company that operates Binance.US on the 6th. The move is related to the SEC lawsuit against Binance (Global Edition) and CEO CZ.

connectionUS SEC calls for freeze of Binance US assets

Correspondence on the coinbase side

Coinbase, which was also sued by the SEC, said it would continue to offer the controversial staking service. The company’s staking service is an important source of revenue, accounting for 3% of revenue.

In addition, the SEC unilaterally alleges that several cryptocurrency stocks fall under the category of securities in the complaint, but Paul Grewel, chief legal officer of Coinbase, said, “No decision has been made at this time regarding the delisting of the stocks. ‘ said.

connection: Coinbase lawsuit SEC Gensler chairman “I don’t need virtual currency anymore”

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