{"id":53162,"date":"2023-06-26T17:03:35","date_gmt":"2023-06-26T21:03:35","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=53162"},"modified":"2023-06-26T18:36:52","modified_gmt":"2023-06-26T22:36:52","slug":"huobi-global-to-delist-10-trading-pairs","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/huobi-global-to-delist-10-trading-pairs\/","title":{"rendered":"Huobi Global to Delist 10 Trading Pairs"},"content":{"rendered":"\n<p>Huobi Global Ltd. has announced its plan to discontinue ten trading pairs, particularly those associated with the <a href=\"https:\/\/coinscreed.com\/staging\/tron-releases-700-million-to-support-usdd-stablecoin.html\" target=\"_blank\" rel=\"noreferrer noopener\">USDD stablecoin<\/a>. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1687812075115-1024x576.jpg\" alt=\"Huobi Global to Delist 10 Trading Pairs\" class=\"wp-image-53164\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1687812075115-1024x576.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1687812075115-300x169.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1687812075115-768x432.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1687812075115-750x422.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1687812075115-1140x641.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1687812075115.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Huobi Global to Delist 10 Trading Pairs<\/figcaption><\/figure>\n\n\n\n<p>The TRON DAO Reserve backs the USDD stablecoin and has a significant involvement from digital asset entrepreneur Justin Sun. Starting from June 29th, Huobi will remove trading pairs that combine ADA (Cardano), SOL (Solana), APE (ApeCoin), MATIC (Polygon), FIL (Filecoin), and ETC (Ethereum Classic) with USD. <\/p>\n\n\n\n<p>Therefore, the exchange will no longer support bitcoin-based pairs involving ARPA, GAS, QTUM, and ZKS. These changes aim to enhance the trading experience for users. Huobi, originating from China, is a major player in spot and derivative trading of digital assets. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/hashtag\/JustinSun?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#JustinSun<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> just removed some of his stablecoin liquidity on the <a href=\"https:\/\/twitter.com\/hashtag\/BSC?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#BSC<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> in the past hour, <br><br>specifically <a href=\"https:\/\/twitter.com\/search?q=%24USDD&src=ctag&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$USDD<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> (6.28M) and <a href=\"https:\/\/twitter.com\/search?q=%24BUSD&src=ctag&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BUSD<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> (5.48M) from <a href=\"https:\/\/twitter.com\/hashtag\/Ellipsis?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Ellipsis<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/Pancake?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Pancake<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>, and then deposited to <a href=\"https:\/\/twitter.com\/hashtag\/Huobi?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Huobi<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>. <br><br>Currently, the liquidity for <a href=\"https:\/\/twitter.com\/search?q=%24USDD&src=ctag&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$USDD<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> on BSC&#39;s DEX is insufficient. <a href=\"https:\/\/t.co\/AuMP0QbHvv\" target=\"_blank\">pic.twitter.com\/AuMP0QbHvv<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/p>&mdash; 0xScope (@ScopeProtocol) <a href=\"https:\/\/twitter.com\/ScopeProtocol\/status\/1671460770847272960?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 21, 2023<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-legal-actions-by-sec-and-delisting-decisions\">Legal actions by SEC and delisting decisions<\/h2>\n\n\n\n<p>The decision to delist these trading pairs follows recent legal actions by the SEC, which categorized most of these coins as unregistered securities in litigation against exchanges like Binance and Coinbase. <\/p>\n\n\n\n<p>Robinhood and eToro have previously phased out several of these coins. Stablecoins are digital tokens designed to maintain a stable value, often pegged to assets like the <a href=\"https:\/\/coinscreed.com\/staging\/pakistan-abandons-the-us-dollar.html\" target=\"_blank\" rel=\"noreferrer noopener\">US dollar<\/a>. <\/p>\n\n\n\n<p>However, they typically have cash reserves or collateral assets to ensure stability. Stablecoins are highly traded in cryptocurrency as they facilitate money transfers between exchanges and hedge against price fluctuations.<\/p>\n\n\n\n<p>USDD, backed by the TRON DAO Reserve, is the eighth-largest stablecoin by market capitalization, estimated at $750 million. Huobi is the most commonly used platform for buying and selling USDD, according to CoinGecko, a <a href=\"https:\/\/www.bing.com\/search?pglt=41&q=Huobi+Global+to+Delist+10+Trading+Pairs&cvid=399fad01ff0a4521800f3047fd2613f6&aqs=edge..69i57.262j0j1&FORM=ANNTA1&PC=WSEDDB\" target=\"_blank\" rel=\"noreferrer noopener\">crypto market analytics company<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>.<\/p>\n\n\n\n<p>The TRON DAO Reserve supports the USDD stablecoin with various digital assets, including Bitcoin, Ethereum, and TRON. The Decentralized Autonomous Organization (DAO) utilizes blockchain technology to expedite voting and transaction processes.<\/p>\n\n\n\n<p>Rumors suggest that Justin Sun, the creator of the <a href=\"https:\/\/coinscreed.com\/staging\/tether-blocks-46-1-million-of-ftxs-usdt-on-tron-blockchain.html\" target=\"_blank\" rel=\"noreferrer noopener\">TRON blockchain<\/a> and a consultant to Huobi, acquired a controlling share in Huobi through a Hong Kong-based asset management company for nearly $1 billion in November of the previous year. However, Sun has not confirmed any ownership stake in the past.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Huobi Global Ltd. has announced its plan to discontinue ten trading pairs, particularly those associated with the USDD stablecoin. The TRON DAO Reserve backs the USDD stablecoin and has a significant involvement from digital asset entrepreneur Justin Sun. Starting from June 29th, Huobi will remove trading pairs that combine ADA (Cardano), SOL (Solana), APE (ApeCoin), [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":53164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[10588,143,144],"class_list":["post-53162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-huobi-global","tag-sec","tag-tron"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1687812075115.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/53162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=53162"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/53162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/53164"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=53162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=53162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=53162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}