Binance.US have decided to streamline thier Buy, Sell & Convert offering and have paused the OTC Trading Portal. Your assets remain safe and secure with Binance.US, and they also promised that deposits and withdrawals continue to function as normal.
- Advanced Trading – Binance.US will remove the following BTC and BUSD Advanced Trading pairs.
|Quote Currency||Advanced Trading Pairs|
|BTC||ATOM/BTC, BCH/BTC, DOT/BTC, LRC/BTC, MANA/BTC, UNI/BTC, VET/BTC, and XTZ/BTC.|
|BUSD||HBAR/BUSD and ONE/BUSD|
Trading remains available for all cryptocurrencies. Only select trading pairs for Advanced Trade are impacted.
OTC trading will be paused on June 8, 2023 at 9 a.m. PDT
Binance.US stated that the removal of these trading pairs and the pause of OTC trading are “in order to improve the overall user experience and reduce risk.” The company also said that it will continue to evaluate its offerings and make changes as needed.
The removal of these trading pairs and the pause of OTC trading may have a negative impact on some users. For example, users who hold assets in the affected trading pairs will no longer be able to trade them on Binance.US. Additionally, users who use OTC trading to buy or sell cryptocurrencies may be inconvenienced by the pause of this service.
However, Binance.US stated that it is committed to providing its users with a safe and reliable platform to trade cryptocurrencies. The company said that it will continue to monitor the market and make changes to its offerings as needed.
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