Binance Delists BTC, ETH, BNB Spot Trading Pairs But Here’s The Catch
Binance, the leading cryptocurrency exchange globally, has delisted spot trading pairs concerning Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). The exchange is regularly conducting comprehensive reviews of all listed spot trading pairs, which spurred this move. These reviews serve as a mechanism to assess various factors, including liquidity and trading volume, with the objective of maintaining a high-quality trading market.
Which Binance Spot Trading Pairs Have Been Delisted?
The delisting of the concerned spot trading pairs will be effective from 03:00 a.m. UTC on January 19. However, it is to be noted that BTC, ETH, and BNB don’t serve as the base currency but as the quote currency in these pairs. According to the latest announcement, the affected spot trading pairs include:
- DAR/BNB
- DEXE/ETH
- ID/BNB
- POLS/BTC
The delisting is driven by considerations such as poor liquidity. Moreover, it is essential to note that while the delisting impacts specific trading pairs, it does not affect the overall availability of the tokens on Binance Spot. Hence, users can continue trading the base and quote assets of the delisted pairs on other available trading pairs.
However, Binance is also set to discontinue Spot Trading Bots services associated with the mentioned trading pairs at the same time. Users utilizing these services are strongly urged to update or cancel their Spot Trading Bots prior to the termination to mitigate potential losses.
Also Read: Binance Issues Crucial Advisory to BTC, XRP, ADA Futures Traders
Binance Futures Adds Dogwifhat Perpetual Contract
In a bid to diversify trading options and elevate user experience, Binance Futures is set to introduce the USD-M WIF Perpetual Contract. The perpetual contract will be available from January 18, 2024, at 02:15 p.m. UTC, offering leverages of up to 50x. The contract is tied to the Dogwifhat (WIF) as the underlying asset, settled in USDT.
The perpetual contract has a tick size of 0.0001 and a funding rate capped at +2.00%/-2.00%. Whilst, the funding fee settlement will take place every four hours. Traders can engage in Multi-Assets Mode, further enhancing flexibility to trade across multiple margin assets.
Also Read: Binance’s Market Share Dips 5% As OKX & Bybit Gain Traction
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