Binance.US, the American branch of global cryptocurrency exchange Binance, has announced that it is eliminating over forty crypto trading pairs currently available on its platform. The total number of trading pairs will be reduced to 226. 

The company was charged on June 5 with allegedly violating U.S. securities laws, per the Securities and Exchange Commission (SEC). Binance’s Chief Executive Officer, Changpeng Zhao, is also being targeted by the agency. 

Binance.US also announced that it is pausing its Over-The-Counter (OTC) desk. According to a press release, these actions will go into effect on the morning of June 8.

Among the cryptocurrencies to be removed, the majority use the stablecoin Tether (USDT) as its pair. This list includes notable examples such as Aave, Basic Attention Token (BAT), Bitcoin Cash (BCH),

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Author: Pedro Solimano

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