Binance.US will remove the TRX token from the platform

Cryptocurrency exchange Binance.US announced the delisting of Tron (TRX) and Spell (SPELL) tokens from the platform. The changes will come into effect on April 18, 2023.

“Binance.US periodically reviews each digital asset to ensure it meets our expected quality standards,” the post reads.

The specific reasons for the delisting of tokens are not specified. Binance.US clarified that it will continue to support USDT and USDC stablecoins on the Tron network.

TRX staking will be disabled on April 13th. All tokens and earned rewards will be returned the next day.

Depositing, buying, selling and converting SPELL and TRX will be closed on April 17th. The withdrawal of these tokens will remain open.

Against the background of the news, TRX quotes fell by 6%. At the time of writing, the token is trading at $0.064.

On the evening of April 11 online appeared Rumors about the detention of Justin Sun in Hong Kong. Founder of Tron refuted their reference to the list of Binance CEO Changpeng Zhao, where 4 is a call to ignore FUD and fake news.

IN In March, the US Securities and Exchange Commission charged Sun and three of his companies with an unregistered offering of securities in the form of TRX and BTT tokens.

The regulator also believes that the entrepreneur and his wholly owned Tron Foundation, BitTorrent Foundation, and Rainberry (formerly BitTorrent) manipulated the TRX secondary market through “laundering trade.”


Source: Cryptocurrency

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