Binance.US delists 40 trading pairs, pauses OTC trading | CPT PPP Coverage

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• Binance.US is delisting advanced trading pairs for coins such as AAVE, BCH and MKR on June 8.
• The 40 coins being delisted are for advanced trading pairs of USDT, BTC and BUSD.
• Binance.US has also paused its OTC trading, but says withdrawals and deposits remain open.

Binance.US, the US-based subsidiary of the world’s largest cryptocurrency exchange Binance, has announced it will delist 40 trading pairs.

The exchange also revealed it had paused OTC trading, with the news coming a day after the SEC sought to freeze the company’s assets following a lawsuit against Binance and its CEO Changpeng Zhao.

“After careful consideration, Binance.US will remove select Advanced Trading pairs on June 8, 2023 at 9 a.m. PDT / 12 p.m. EDT,” the exchange wrote in a notice to users.

“We have also decided to streamline our Buy, Sell & Convert offering and have paused our OTC Trading Portal. Your assets remain safe and secure with Binance.US, and deposits and withdrawals continue to function as normal.”

According to the notice published Wednesday June 7, 2023, the advanced trading pairs Binance.US plans to delist are for 40 altcoin pairs of USDT, BTC, and BUSD. 

The majority of the pairs, 30, are for USDT and include 1INCH/USDT, AAVE/USDT, BCH/USDT, CHZ/USDT, COTI/USDT, MANA/USDT, MKR/USDT, and ZEC/USDT.

The platform will also delist eight BTC pairs and two BUSD pairs, with the former including ATOM/BTC, BCH/BTC, DOT/BTC, LRC/BTC, MANA/BTC, UNI/BTC, VET/BTC, and XTZ/BTC. The BUSD stablecoin pairs to be removed are HBAR/BUSD and ONE/BUSD.