Although Binance US did not provide specific reasons for the sudden removal of trading pairs, it assured users that their assets remain secure on the platform. The changes will take effect at 12 pm EDT on June 8, while deposits and withdrawals will continue to be processed as usual.
As a result of this action, the platform will now support 226 "convert" trading pairs. Users can still engage in buying, selling, and converting top cryptocurrencies like BTC, ETH, USDT, USDC, DOGE, and others.
At this time, there is no indication that Binance US plans to reintroduce the removed trading pairs. While the OTC desk is currently paused, the company intends to notify users when it becomes available again in the upcoming weeks and months.
On Tuesday, the Securities and Exchange Commission issued a restraining order against Binance US, leading to the freezing of its assets. This action followed the SEC's 136-page lawsuit against the exchange and its international parent company.
In compliance with the restraining order, Binance US is required to return customers' fiat currency and digital assets held on the platform within 10 days. This includes assets related to its staking-as-a-service program, which the SEC targeted on the same day as Coinbase's equivalent program.
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