Binance US claimed in the announcement that SPELL and TRX did not meet the standards and would officially delist the tokens on April 18, Eastern Time, but would continue to support the TRC-20 versions of USDT and USDC stablecoins.

Binance US announces delisting SPELL and TRX

Binance US (Binance.US) announced the following matters on April 12:

  • TRX staking will be canceled and disabled at 07:oo a.m. EST on April 13

  • Deposits of SPELL and TRX will be closed on April 17th at 10:oo p.m. ET

  • Closing of trading, conversion, OTC on April 17th at 11:oo p.m. ET

  • SPELL, TRX trading will be closed at 11:oo p.m. ET on April 18

At #BinanceUS, we periodically review each digital asset listed to ensure that it continues to meet the standard of excellence we expect.

Based on our recent review, Spell (SPELL) & TRON (TRX) will be delisted from the platform on April 18, 2023.

(1/2) pic.twitter.com/EJCzM9xZdN

— Binance.US Customer Support (@BinanceUShelp) April 12, 2023

Continue to support TRC-20 USDT, USDC

The announcement stated that the TRC-20 versions of USDT and USDC stablecoins will continue to be supported, but all orders will be canceled and the following trading pairs will be closed at 11:oo p.m. ET on April 18:

  • TRX/USD

  • TRX/USDT

  • TRX/BTC

  • SPELL/USD

  • SPELL/USDT

Is the delisting of Binance US related to Justin Sun being accused of fraud?

Binance US did not mention the reason for delisting in the announcement, but only listed a bunch of conditions for currency listing, claiming that SPELL and TRX did not meet the standards.

As previously reported, Justin Sun was charged by the SEC on March 22, including suspicion of fraud, market manipulation, and selling unregistered securities.

Interpretation of the SEC complaint: Justin Sun was accused of fraud by the SEC, unregistered Tron/BitTorrent sales and market fraud

Justin Sun was attending the summit in Hong Kong and did not respond to the delisting of TRX by Binance US.

Meet little ears… pic.twitter.com/4YwhJuLxpx

— H.E. Justin Sun (@justinsuntron) April 11, 2023

Is this article related to Sun Yuchen being criticized by the SEC? Binance US announces the delisting of SPELL and TRX appeared first on Chain News ABMedia.