BinanceUS delists 100+ crypto trade pairs following SEC’s suit 

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Binance’s American subsidiary delisted more than 100 crypto asset trade pairs, without any long prior notice. 

BinanceUS is an American subsidiary of the global crypto exchange Binance.com. Three days ago, Binance was sued by the United States Securities and Exchange Commission (SEC) over alleged unregistered securities offerings & crypto staking services. At present, Binance is facing nearly 13 charges.

On 7 June 2023, BinanceUS announced that it will delist a total of 101 crypto trade pairs and the new decision will take effect today.

This crypto exchange failed to provide any kind of information about why it delisted these crypto assets trades pairs, as only a dozen of crypto assets were considered as a security under the purview of the SEC body. 

A few crypto experts claimed that the finance team compared all the crypto assets, mentioned in the SEC’s charges, with other similar-natured crypto assets, to remain away from any new kind of legal pressure.

The BinanceUS team confirmed that all the customers’ funds will remain safe on the platform and customers will always remain able to access their funds. 

At the moment, only trading of BTC, ETH, USDT, USDC, DOGE, and a few other crypto assets is available.

It’s worth it to note that, a similar kind of decision was also followed by the Robinhood stock & crypto platform and confirmed that it will delist all the crypto tokens from its platform, mentioned by the SEC body in the suits against Binance & Coinbase.

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