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Binance.US delisted dozens of trading pairs and suspended the OTC service

U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, the American division of the exchange removed from listing dozens of trading pairs and suspended the service OTC.

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Most of these pairs use the USDT Stablecoin as a base currency. The list includes pairs with DOT, AXS, AAVE, 1INCH, FLOW, EOS, NEO, ANT, BAL, COMP and others. In addition, some bitcoin and BUSD trading pairs were touched.

“After careful consideration, Binance.US will remove selected pairs for extended trading on June 8, 2023 at 12:00 p.m. MSC. We also decided to streamline our ‘buy, sell and convert’ offering and suspended our over-the-counter (OTC) trading service,” the statement said.

The exchange noted that deposit and withdrawal functions will continue to operate as usual. The company will notify users when its OTC trading portal is up and running again;

Recall that on Monday, June 5, the SEC filed a lawsuit against the cryptocurrency exchange Binance and its founder Changpeng Zhao. A total of 13 counts are pending against the site. Earlier on Bits.media there was an article detailing the confrontation between the SEC and Binance, as well as the SEC and Coinbase.