BinanceUS Ceases Trading For 9 Crypto Including BTC, ADA, MATIC, SOL, LTC

Binance.US, the US-based arm of the world’s largest crypto exchange Binance, on Friday said it will remove and cease crypto trading for selected USD Advanced Trading pairs. The move comes as the US-based crypto exchange shifts to a “crypto-only exchange,” supporting only trading against other cryptocurrencies and stablecoins pairs.

BinanceUS Delists USD Advanced Trading Pairs

Crypto exchange Binance.US in an official announcement on July 14 said it will permanently remove and cease trading for several cryptocurrencies against USD advanced trading pairs. These are Bitcoin, Ethereum, BNB, Litecoin, Polygon MATIC, Cardano, Solana, VeChain, and USDC stablecoin.

The impacted Advanced Trading pairs are ADA/USD, BNB/USD, BTC/USD, ETH/USD, LTC/USD, MATIC/USD, SOL/USD, USDC/USD, VET/USD.

Trading for these cryptocurrencies with USD Advanced Trading pairs will end on July 13 at 8 p.m. PDT / 11 p.m. EDT. While the USDC/USD pair is removed, trading for USD remains available on the USDT/USD Advanced Trading pair.

Moreover, users can continue to trade over 150 cryptocurrencies on the Advanced Trading interface in the USDT pairs. It adds that some cryptocurrencies may also support BTC, BUSD, DAI, or TUSD trading.

“We recommend that you carefully review your trades and execute or cancel open orders on impacted Advanced Trading pairs before they are removed from Binance.US.”

Also Read: Monochrome And Vasco Files Australia’s First Spot Bitcoin ETF Under New Regime

Moving Gradually to Crypto-Only Exchange

BinanceUS facing many challenges in the U.S. including losing banking partners and money makers. While users can continue to buy, sell, and convert crypto with USD as well as use USD to buy and sell 21 cryptocurrencies, it warned that the remaining partners may terminate USD withdrawal services in the future.

On June 23, BinanceUS worked with its banking partners to resolve all delayed USD withdrawal requests. The crypto exchange will complete most USD withdrawal requests within the normal timeframe of 5 business days or less.

Also Read: BinanceUS, Crypto.com Joins Coinbase and Others To Relist XRP, Price Up 87%

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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