Binance.US, the US-based subsidiary of the world’s largest cryptocurrency exchange Binance, has announced that it will remove 40 trading pairs on June 8, 2023 at 9 a.m. PDT / 12 p.m. EDT. The exchange also revealed it had paused OTC trading, with the news coming a day after the SEC sought to freeze the company’s assets following a lawsuit against Binance CEO Changpeng Zhao.

The 40 coins that are being delisted come from advanced trading pairs USDT, BTC, and BUSD. Most of the pairs are USDT, including 1INCH/USDT; AAVE/USDT; BCH/USDT; CHZ/USDT; COTI/USDT MANA/USDT MKR/USDT and ZEC/USDT. The platform will also delist two BUSD pairs and eight BTC pairs, such as ATOM/BTC and BCH/BTC. The pairs of BUSD stablecoins to be eliminated are HBAR/BUSD and ONE/BUSD.

Despite the delisting, users can still withdraw their assets with Binance.US. Deposits can also be made as usual. The exchange reassured customers that their assets remain safe and secure.