The world's largest cryptocurrency exchange announced it would cease spot trading bot services for a selection of altcoins. This decision comes as the latest development in a series of delisting activities by the exchange, which is widely believed to be a strategic response to its ongoing legal issues with U.S. regulators.
The exchange recently found itself under increased scrutiny from regulators including the United States Securities and Exchange Commission (SEC) which filed a lawsuit against the exchange, alleging violations of U.S. securities laws In an attempt to navigate these regulatory challenges, Binance has increased its delisting activity. The most recent move involved cutting spot trading bot services for various tokens paired with major cryptocurrencies like Bitcoin (BTC), Binance Coin (BNB), and a few others.
