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Binance Exchange Removes 10 BNB Trading Pairs Amid Legal Battle with the SEC

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Binance

Binance, the world’s largest cryptocurrency exchange, has removed 10 BNB trading pairs from its trading platform. In a general announcement, the company announced that they are removing multiple BNB pairs, including GAL/BNB, QNT/BNB and WAXP/BNB, among others. This comes at a moment in which Binance is dealing with legal actions started by the U.S. Securities and Exchange Commission (SEC) a few weeks ago. 

Binance Exchange Removes 10 BNB Trading Pairs

Binance announced the removal of multiple trading pairs. The general announcement published a few hours ago shows the following trading pairs that will be delisted on the 14th of June:

BIFI/BUSD, DASH/BNB, FIO/BUSD, GAL/BNB, ILV/BNB, KLAY/BNB, LIT/ETH, MC/BNB, MINA/BNB, MLN/BUSD, ONE/ETH, OXT/BUSD, PEOPLE/BNB, PEOPLE/ETH, QNT/BNB, EAXP/BNB, XTZ/BNB, ZRX/ETH. 

The trading pairs not only included coins with BNB as the base currency but also Ethereum (ETH) and Binance USD (BUSD), of which no new coins will be issued. As per the report, users on Binance will still be able to trade these pairs until they are delisted on June 14th. 

The decision taken by Binance comes at a moment in which the company has been hit by legal action started by the SEC in the United States. The regulatory agency sued Binance and its CEO Changpeng Zhao for violating securities laws in the country. 

According to CoinGecko, Binance Coin has a price of $232 and a market valuation of $36 billion. 

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