{"id":327823,"date":"2023-05-24T09:59:42","date_gmt":"2023-05-24T08:59:42","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=327823"},"modified":"2023-05-24T09:59:42","modified_gmt":"2023-05-24T08:59:42","slug":"binance-axes-8-australian-dollar-trading-pairs","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/binance-axes-8-australian-dollar-trading-pairs\/","title":{"rendered":"Binance axes 8 Australian Dollar trading pairs"},"content":{"rendered":"

Crypto exchange Binance will remove spot trading activities for eight digital assets, including Apecoin, and Shiba Inu, paired with the Australian Dollar (AUD) on May 26.<\/p>\n

Other affected crypto assets include Chainlink (LINK<\/a>), Polkadot (DOT<\/a>), Axie Infinity (AXS<\/a>), Avalanche (AVAX<\/a>), Fantom (FTM<\/a>), and Sandbox (SAND<\/a>).<\/p>\n

The exchange explained in a May 24 statement<\/a> that users can still trade the affected assets on other trading pairs within its platform. However, it would terminate its Trading Bots services for the mentioned pairings.<\/p>\n

Recent issues with Binance Australian operation<\/h2>\n

This is coming less than a week after Binance said<\/a> it could no longer process PayID Australian Dollar deposits for its users. On May 18, the exchange explained that its decision was tied to a third-party payment service provider Cuscal which would no longer provide these services for its platform.<\/p>\n

Australia's oldest bank Westpac later\u00a0announced<\/a> a ban on cryptocurrency transactions to specific exchanges. Several industry players believe that one of the affected exchanges was Binance.<\/p>\n

Meanwhile, Binance is also under investigation by the Australian Securities and Investments Commission (ASIC) regarding its compliance with local regulations. The exchange canceled<\/a> its derivatives license with the financial regulator in April.<\/p>\n

Trouble on multiple fronts<\/h2>\n

Besides its recent issues in Australia, Binance has recently faced increased regulatory troubles from multiple fronts.<\/span><\/p>\n

The exchange has struggled to find new banking partners in the United States and the United Kingdom as it had to\u00a0suspend<\/a> US Dollar-denominated bank transfers and British Pounds services for users.<\/p>\n

Meanwhile, the U.S. Commodity Futures Trading Commission (CFTC)\u00a0filed<\/span><\/a> a complaint against Binance and its CEO, Changpeng ‘CZ' Zhao, over allegations of regulatory violations. At the time, the exchange\u00a0said<\/a> the lawsuit was “unexpected and disappointing.”<\/p>\n

On May 23, Reuters, citing anonymous insiders, reported<\/a> that Binance commingled user funds with corporate funds in 2020 and 2021. The report said the exchange converted some of these commingled funds into Binance USD (BUSD) because Zhao distrusted banks.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto exchange Binance will remove spot trading activities for eight digital assets, including Apecoin, and Shiba Inu, paired with the Australian Dollar (AUD) on May 26. Other affected crypto assets include Chainlink (LINK), Polkadot (DOT), Axie Infinity (AXS), Avalanche (AVAX), Fantom (FTM), and Sandbox (SAND). The exchange explained in a May 24 statement that users […]<\/p>\n","protected":false},"author":720,"featured_media":327828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nBinance axes 8 Australian Dollar trading pairs<\/title>\n<meta name=\"description\" content=\"Binance recently revealed that it could no longer process PayID Australian Dollar deposits for its users.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/binance-axes-8-australian-dollar-trading-pairs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance axes 8 Australian Dollar trading pairs\" \/>\n<meta property=\"og:description\" content=\"Binance recently revealed that it could no longer process PayID Australian Dollar deposits for its users.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/binance-axes-8-australian-dollar-trading-pairs\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-24T08:59:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/aud-binance-pair.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/binance-axes-8-australian-dollar-trading-pairs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/binance-axes-8-australian-dollar-trading-pairs\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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