Tron’s TRX Drops 6% as Binance.US Delists the Token

Binance.US says a variety of factors can lead to de-listing, including regulatory standing in the U.S. and unethical behavior.

AccessTimeIconApr 12, 2023 at 3:08 a.m. UTC
Updated Apr 12, 2023 at 2:36 p.m. UTC

Tron’s TRX token has been delisted on Binance.US.

This comes weeks after the U.S. Securities and Exchange Commission sued Tron's Justin Sun over allegations of selling and airdropping unregistered securities, fraud and market manipulation involving the TRX token.

TRX dropped 6.4% on the news, according to CoinDesk market data.

Binance.US says trading for TRX will end on April 18.

"We operate in a rapidly evolving industry and our digital asset monitoring process is designed to be responsive to market and regulatory developments. When a digital asset no longer meets our high standards, or industry circumstances change, we conduct a more in-depth review of the affected asset and assess whether further action is necessary," Binance.US said on its page announcing the delisting.

A spokesperson for Tron said it is in communication with Binance.US over this and has no further comment at this time.

Edited by Nick Baker.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.