Crypto exchange Binance.US announced its plans to delist ten Bitcoin (BTC) and Binance USD (BUSD) advanced trading pairs after the SEC pressed charges against its parent company.
Earlier this week, the SEC filed an emergency motion to freeze the assets of Binance’s US subsidiary.
Subsequently, Binance.US said it will pause trading services on its OTC portal, with token deposits and withdrawals remaining unaffected by the suspension. Binance.US also planned to remove buying and selling facilities for over 100 USDT, BTC, and BUSD advanced trading pairs, with 90 of these pairs belonging to Tether alone.
However, the exchange went back on its decision to delist Tether trading pairs following feedback from the crypto community. As mentioned on its blog post,
“All cryptocurrencies and USDT pairs remain available to trade. Only select BTC and BUSD Advanced Trading pairs below will be removed.”
Binance.US also lowered the maximum amount of tokens that can be traded on its platform to $10,000. The exchange, however, has yet to provide the reason behind the sudden decision to ax certain trading pairs.