Giant crypto exchange Binance In a move aimed at optimizing the trading experience for its users, it announced the delisting of several products containing XRP and Cardano (ADA).
This decision was made as part of Binance Liquid Swap’s periodic review of listed liquidity pools to intensify liquidity and improve transaction prices.
The removal of various liquidity pools, including ADA/ETH, ADA/USDT, XRP/BNB, XRP/BTC and XRP/ETH, will occur on December 22.
However, this decision comes against the backdrop of increased regulatory attention towards Binance, particularly from the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).
Koinfinans.com As we reported before, the stock market remained under investigation throughout the year. This led to a recent settlement with the Justice Department that included a significant $4.3 billion fine, CEO departure and prosecution, and sweeping compliance changes.
The Department of Justice has outlined stringent monitoring operations that Binance must comply with. Old SEC employee John Reed Stark suggests that these measures could potentially lead to the closure of the stock market.
Despite the settlement reached with the Ministry of Justice, Binance’s regulatory problems are not over yet. Recent statements from SEC executives indicate that the SEC’s lawsuit against Binance will continue independently, prolonging the uncertainty surrounding the exchange’s future.