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Binance US, the US arm of Binance, the world's largest cryptocurrency exchange, announced today that it will remove some trading pairs for Bitcoin and eight altcoins.
USD trading for Cardano (ADA), Binance Coin (BNB), Ethereum (ETH), Litecoin (LTC), Polygon (MATIC), Solana (SOL), Vet Chain (VET), and USDC, including Bitcoin (BTC) He said he had removed his parities.
Binance US made the following statements in its statement:
“As part of our crypto-only transition, Binance.US will remove some trading pairs and stop trading.
Removed trading pairs are: ADA/USD, BNB/USD, BTC/USD, ETH/USD, LTC/USD, MATIC/USD, SOL/USD, USDC/USD, VET/USD
Trading for USD remains possible on the USDT/USD trading pair.
Trading for over 150 cryptocurrencies continues via USDT, while certain cryptocurrencies also have support for BTC, BUSD, DAI or TUSD.”
https://t.co/gM6e3xb9BX will remove select USD Advanced Trading pairs on 7/13 at 11 p.m. ET.
Trading remains available for all 150+ cryptocurrencies on $USDT Advanced Trading pairs, including USDT/USD. Select #cryptocurrencies may also support $BTC, $BUSD, $DAI or $TUSD trading.… pic.twitter.com/48n2lB8A6b
— Binance.US Customer Support (@BinanceUShelp) July 14, 2023
This decision of Binance US is based on the lawsuit filed by the SEC. Because, Binance announced that after the US SEC lawsuit, its banking partners were preparing to stop the USD withdrawal channels on June 13, 2023.
However, Binance US, which later opened USD withdrawals, warned that this solution may not be permanent.
Binance US announced that it re-listed XRP in the morning, although it decided to delist the USD trading pair for Bitcoin and eight altcoins.
*Not investment advice.