Cryptocurrency exchange Binance has suspended support for serum (SRM) amid the fall of the FTX exchange. According to a blog announcement, Binance terminated support for serum in trading pairs SRM/USDT, SRM/BNB, and SRM/BTC.
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In addition to serum, the exchange also removed the following trading pairs: ARK/BTC, BEAM/BTC, BTCST/BTC, BTCST/USDT, GTO/BTC, GTO/USDT, MITH/BTC, MITH/BNB, PERL/BTC, PNT/BTC, REP/BTC, TRIBE/USDT and XEM/BTC. Binance didn't explain the reason behind the move, but noted that users can still trade the above-mentioned assets with other pairs available on the exchange.
Serum is a token of an eponymous decentralized cryptocurrency exchange Serum built on the Solana blockchain with support of Serum Foundation. The foundation itself was created by the notorious FTX and Sam Bankman-Fried's collapsed trading venture Alameda Research.
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