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Exchanges Cancel Spot Trades USDC (SOL) And USDT (SOL) One By One

Binance announced that it has temporarily suspended deposits of USDC (SOL) and USDT (SOL) until further notice.

Exchanges Cancel Spot Trades USDC (SOL) And USDT (SOL) One By One 3

The exchange also has no further information on the suspension of the 2 tokens.

Before Binance had this announcement, OKX also delisted the two tokens above.

BitMEX, Bitget, and Bybit have also taken similar actions to Binance.

Currently, Solana is the token that has been hit hard by the FTX crisis. Its ecosystem has declined in terms of TVL as well as the amount of assets. At the time of writing, SOL is trading at $13.15.

SOL daily chart. Source: Coincu

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.