Binance US will delist TRON
13/04/2023
Binance.US, the US division of cryptocurrency exchange Binance, announced the delisting of the cryptocurrency TRON (TRX). Stacking of the coin will be stopped on 13 April, depositing funds to the site will no longer be possible on 17 April, and trading will be closed on 18 April.
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The delisting announcement follows a lawsuit filed by the US Securities and Exchange Commission (SEC) against Huobi cryptocurrency exchange chief and TRON blockchain founder Justin Sun. The regulator claims that the cryptocurrency Tron is the security and accuses Sun and his company Tron Foundation of unregistered offers and sales of such an asset. TRON is available on PassimPay for receiving and sending pyments.
The cryptocurrency TRON has the 17th highest market capitalization at $5.7bn. Following Binance.US's announcement of TRX's delisting, the coin fell 6%, from $0.066 to $0.062.
Justin Sun commented on the situation:
"I want to point out it is a relatively small impact on the TRX market since Binance.US trading volume is less than $2 million per day. TRX's current total trading volume is about $400 million per day"
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