Binance.US pauses OTC trading, says deposits and withdrawals functioning as normal


FILE PHOTO Binance logo and stock graph are displayed in this illustration taken June 28 2021. REUTERSDado RuvicIllustration

FILE PHOTO: Binance logo and stock graph are displayed in this illustration taken, June 28, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) - Crypto exchange Binance.US said on Wednesday it has decided to pause its over-the-counter trading portal, adding that deposits and withdrawals continue to function as normal.

U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a "web of deception".

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