TELETRADER News
6/7, 6:32 PM
(Source: TeleTrader)
Binance.US halts OTC trading, says transactions continue
Binance.US emphasized on Wednesday that all clients' assets remain "safe" and "secure," with all deposits and withdrawals continuing to be processed "normally" despite the United States Securities and Exchange Commission's (SEC) request to freeze the platform's assets.
The cryptocurrency exchange company also revealed that several Advanced Trading pairs, including some of the USDT, BTC, and BUSD pairs, would be removed on June 8th. In addition, over-the-counter (OTC) trading portal services will be halted until further notice.
This week, the SEC filed 13 charges against Binance Holdings Ltd. and its CEO Changpeng Zhao (CZ), alleging violations of federal securities law by mishandling customer funds.