US Binance Announces Removal of 102 Cryptocurrency Pairs

Binance.US, an exchange serving US clients, said on Wednesday it will remove 102 cryptocurrency pairs from its platform.

The move comes just days after the brokerage was sued by the U.S. Securities and Exchange Commission (SEC). The removal appears to be urgent and will take effect at 13:00 GMT on Thursday (8).

Another change was the break in the over-the-counter (OTC) market. According to the official announcement, this service is on indefinite hiatus.

List of pairs removed by Binance.US

Due to the length of the list, several major projects were affected. For example, ApeCoin (APE), Basic Attention Token (BAT), Axie Infinity (AXS), and EOS (EOS) lose their counterparts against stablecoin Tether (USDT) in advanced trading mode.

Most of the pairs to remove are with USDT. However, American Binance will also remove pairs against Bitcoin (BTC) and Binance USD (BUSD).

The full list can be seen below:

1INCH/USDT, AAVE/USDT, ALICE/USDT, ALPINE/USDT, ANT/USDT, APE/USDT, API3/USDT, ASTR/USDT, AUDIO/USDT, AXS/USDT, BAL/USDT, BAND/USDT, BAT/ USDT, BCH/USDT, BICO/USDT, BNT/USDT, BOND/USDT, CELO/USDT, CELR/USDT, CHZ/USDT, CLV/USDT, COMP/USDT, COTI/USDT, CRV/USDT, CTSI/USDT, DAR/USDT, DGB/USDT, DIA/USDT, EGLD/USDT, ENJ/USDT, ENS/USDT, EOS/USDT, FLOW/USDT, FORTH/USDT, GAL/USDT, GLM/USDT, GTC/USDT, ILV/ USDT, IMX/USDT, IOST/USDT, KDA/USDT, KNC/USDT, KSM/USDT, LAZIO/USDT, LOKA/USDT, LOOM/USDT, LPT/USDT, LRC/USDT, LSK/USDT, LTO/USDT, MANA/USDT, MKR/USDT, NEO/USDT, NMR/USDT, OGN/USDT, OMG/USDT, ONT/USDT, OXT/USDT, PAXG/USDT, POLYX/USDT, POND/USDT, PORTO/USDT, PROM/ USDT, QNT/USDT, QTUM/USDT, RARE/USDT, REEF/USDT, REN/USDT, REQ/USDT, RLC/USDT, ROSE/USDT, SANTOS/USDT, SKL/USDT, SLP/USDT, SNX/USDT, STG/USDT, STMX/USDT, STORJ/USDT, SUSHI/USDT, SYS/USDT, T/USDT, TFUEL/USDT, TLM/USDT, VITE/USDT, VOXEL/USDT, VTHO/USDT, WAXP/USDT, XEC/ USDT, YFI/USDT, ZEC/USDT, ZEN/USDT and ZRX/USDT.

ATOM/BTC, BCH/BTC, DOT/BTC, LRC/BTC, MANA/BTC, UNI/BTC, VET/BTC and XTZ/BTCfor pairs against Bitcoin. HBAR/BUSD and ONE/BUSD for pairs against Binance USD.

After this, the American Binance also points to a change in its service called Buy, Sell and Conversion, which also reduces the number of available projects.

“Binance.US will streamline its buy, sell and convert offerings and reduce the number of supported converting trading pairs to 226”informed the broker in the same note.

Binance.US announces pause in the OTC market

Another major change at Binance.US was the pause in the over-the-counter market, popularly known by its acronym OTC. According to the brokerage, there is no deadline for the service summary.

“In the coming weeks and months, Binance.US will let you know when and if OTC trading will be available again.”

Despite the recent SEC lawsuit over Binance, which involved both the global and US exchanges, the announcement does not cite this as a reason for the above decisions and only states that it has been done. “after careful consideration”.

Cryptocurrencies Drop After Binance.US Peers Removed

Due to the large number of cryptocurrencies affected by the decision to remove the US Binance peer, it is difficult to assess the impact of the decision.

However, ApeCoin (APE), one of the cryptocurrencies to be removed, is the worst performer among the top 100 coins in the market. At the time of writing, APE costs $2.88, down 9.85% per day.

Immutable (IMX) and Decentraland (MANA), also named in pair removals, have already lost 7.9% and 6.5% respectively in the past 24 hours.

Binance Coin (BNB), though unnamed, is down 8% this Wednesday (7). For the week, losses have spiked to 15% as the market worries about the SEC’s lawsuit against Changpeng Zhao and its brokers.