Binance.US Suspends USD Deposits; Banking Partners to Halt Dollar Payments Amid SEC Lawsuit
Portfolio Pulse from Mehab Qureshi
Binance.US suspends USD deposits and prepares to pause fiat (USD) withdrawal channels as early as June 13, 2023, due to increased regulatory pressure following the SEC's lawsuit against the firm. The exchange will also start delisting USD pairs and limit trading to stablecoin pairs.
June 09, 2023 | 4:16 am
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Binance.US suspends trading services for several crypto tokens, including eight Bitcoin (BTC) pairs, due to increased regulatory pressure following the SEC's lawsuit.
The suspension of trading services for several crypto tokens, including eight Bitcoin pairs, on Binance.US is a direct result of the SEC's lawsuit and increased regulatory pressure. This could lead to a short-term negative impact on the price of Bitcoin as it may cause uncertainty and reduced trading volume on the platform.
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