Binance Announces Removal Of BNB & TUSD Spot Trading Pairs, What’s Happening?
Highlights
- Binance has announced a major delisting on its platform.
- The move concerns spot trading pairs with BNB and TUSD as quote currencies.
- The crypto exchange has also added a list of new spot trading pairs.
Binance, the largest cryptocurrency exchange, has announced the removal of several spot trading pairs as part of its ongoing efforts to ensure user protection and maintain market quality. The delisting affects spot trading pairs concerning Binance Coin (BNB) and Justin Sun’s TrueUSD (TUSD) as quote currencies.
Binance Initiates Major Delisting
The delisting is scheduled to take effect on March 15, 2024, at 03:00 a.m. UTC. The affected spot trading pairs include ARPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD, and PENDLE/TUSD, according to the latest announcement. Furthermore, Binance cited various factors such as poor liquidity and trading volume as reasons for the removal of these pairs.
However, it’s important to note that the delisting of these spot trading pairs does not impact the availability of the tokens themselves on Binance Spot. Moreover, users will still be able to trade the base and quote assets of these pairs on other trading pairs that remain available on the platform.
Additionally, Binance will be terminating Spot Trading Bots services for the aforementioned spot trading pairs at the same time. Users who utilize these bots are strongly advised to update or cancel their services before the termination to avoid potential losses.
Also Read: Binance Waives Fees For DOGE, SHIB, PEPE, BONK, WIF, FLOKI Meme Coins
New Spot Trading Pairs
Furthermore, Binance has introduced new trading pairs and trading bot services, expanding its offerings. The move concerns XRP, Dogwifhat (WIF), Floki (FLOKI), Near (NEAR), The Graph (GRT), and Synthetix (SNX). On March 13 at 08:00 a.m. UTC, Binance will open trading for several new pairs, such as FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY.
These additions aim to provide users with more trading opportunities, allowing them to diversify their investment portfolios by trading popular tokens against fiat currencies. Additionally, Binance is gearing up to launch Trading Bots services for selected trading pairs. The initial rollout will include Spot Algo Orders for FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY.
Moreover, Binance plans to introduce Spot Grid and Spot DCA Services for WIF/USDT and XRP/FDUSD pairs. In addition, the CEX announced launch of Rebalancing Bot services specifically tailored for WIF/USDT trading. This move is designed to enhance trader experience by offering automated trading strategies, enabling them to execute trades more efficiently and effectively.
Also Read: Binance Execs’ Detention Sparks Global Concern Amid Nigeria Crypto Crackdown
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