COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Binance Discontinues 11 Crypto Trading Pairs: Strategic Move Amid Regulatory Pressure?
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > Binance Discontinues 11 Crypto Trading Pairs: Strategic Move Amid Regulatory Pressure?
Altcoin NewsBinance

Binance Discontinues 11 Crypto Trading Pairs: Strategic Move Amid Regulatory Pressure?

In Brief

  • Binance, the world’s largest cryptocurrency exchange by volume, recently announced the discontinuation of 11 spot trading pairs for 11 cryptocurrencies. Interestingly, all the trading pairs involve the Australian Dollar (AUD), which is being interpreted as a direct consequence of an ongoing investigation initiated by the Australian Securities and Investments Commission (ASIC). Contents11 Trading Pairs to Be […]
İlayda Peker
İlayda Peker 2 years ago
Share
SHARE

Binance, the world’s largest cryptocurrency exchange by volume, recently announced the discontinuation of 11 spot trading pairs for 11 cryptocurrencies. Interestingly, all the trading pairs involve the Australian Dollar (AUD), which is being interpreted as a direct consequence of an ongoing investigation initiated by the Australian Securities and Investments Commission (ASIC). 

Contents
11 Trading Pairs to Be RemovedTurbulence Surrounding the Australian Dollar on Binance

11 Trading Pairs to Be Removed

Binance has decided to discontinue 11 spot trading pairs for 11 cryptocurrencies as revealed in its recent announcement. According to the announcement from the crypto exchange, trading in the pairs ADA/AUD, AUD/BUSD, AUD/USDT, BNB/AUD, BTC/AUD, DOGE/AUD, ETH/AUD, GALA/AUD, MATIC/AUD, SOL/AUD, and XRP/AUD will cease at 09:00 AM (Turkish Standard Time) on June 1st. 

Trading in these pairs will be halted at 09:00 AM (Turkish Standard Time) on June 1st. Binance recommends its users to promptly update and/or cancel their orders and active trades in these pairs to avoid potential losses. 

Turbulence Surrounding the Australian Dollar on Binance

There’s been quite a bit of turbulence surrounding the AUD on Binance for some time. All trading pairs that Binance plans to discontinue involve the AUD. This surge in activity traces back to regulatory hurdles faced by Binance Australia, the Australian branch of the crypto exchange. 

Binance Australia has been under scrutiny by ASIC for its compliance with local regulations and operations. Observers suggest that Binance’s decision to remove AUD trading pairs is a strategic move in response to this investigation. 

Not long ago, ASIC announced the cancellation of the Australian financial services license of Oztures Trading Pty Ltd, which operates in the country as Binance Australia Derivatives, at the company’s request. The cancellation of the license was a result of an ongoing investigation following ASIC’s discovery that the crypto exchange had incorrectly classified some individual investors as institutional ones. 

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Seize Opportunities in the Crypto Market with Strategic Investment Approaches

Bitcoin Drives Altcoins to New Heights: Market Surge Analysis

Pi Coin Surges Dramatically, Capturing Market Attention

Binance Spurs a Twist as Doodles Token Value Dips

Crypto Boom: Bitcoin Surges Amid Dramatic Market Shifts

İlayda Peker 26 May, 2023 - 2:43 pm 26 May, 2023 - 5:12 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article The Invisible Hands on Bitcoin and Ethereum: Understanding the Impact of Options Market Makers
Next Article Altcoin Illuvium Gears Up For Potential Rally, According to Crypto Analytics Firm Santiment
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin Surges Past $105,000 Triggering Positive Waves in Crypto Market
Ripple (XRP)
Bitcoin Surges as the Dollar Index Weakens
Bitcoin (BTC)
Seize Opportunities in the Crypto Market with Strategic Investment Approaches
Altcoin News
Bitcoin Drives Altcoins to New Heights: Market Surge Analysis
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?