Binance Ceases Support For These BTC & TUSD Pairs, What’s Happening?
Highlights
- Binance set to delist three specific spot trading pairs with BTC and TUSD base assets.
- This move comes as an effort to revolutionize the firm's crypto offerings for users.
- BTC's price fluxes.
Coming as an effort to revolutionize crypto offerings for users, Binance, the world’s leading cryptocurrency exchange, has revealed its latest update on the cessation of support of specific spot trading pairs. In an official statement released on May 15, ‘to protect users and maintain a high-quality trading market, Binance is all set to delist three spot trading pairs from its platform. BTC and TUSD serve as the quote currency for the affected pairs.
Here’s an in-depth report on the CEX’s announcement, which appeared to have gained significant attention amid the highly volatile trading session witnessed across the broader crypto market.
Binance’s Announcement: A Closer Look
Based on recent internal reviews by the exchange, the trading of pairs CFX/TUSD, CHESS/BTC, and ORDI/TUSD will be halted on May 17 at 03:00 UTC. Further, per Binance’s statement, the exchange will also terminate spot trading bot services for these pairs on the same date and time.
Although users can still trade these spot trading pairs’ base assets, the firm clarified that it would end the support for the abovementioned specific pairs.
Meanwhile, the impact of this announcement on the mentioned cryptos remains speculative as of now, with crypto market participants extensively eyeing these trading pairs. On the other hand, with this development, Binance has continued to revolutionize its crypto offerings for users.
As CoinGape Media reported earlier, contrary to its delisting chronicles, the firm recently extended support for PEPE, WIF, WLD, and other tokens. These endeavors have further anchored the exchange’s prominence across the global crypto realm.
Also Read: Revolutionizing Crypto Wallets: How Fintopio’s Paving the Way for Web3 Adoption
Base Asset BTC’s Market Performance
Among the spot trading pairs set to be delisted, the base asset Bitcoin, the largest crypto by market cap, traded at $62,119 today, up 0.46% in the past 24 hours. The token with the most investor appeal in the crypto market is currently witnessing attention-nabbing price fluctuations, primarily due to its halving event.
Bitcoin’s 24-hour lows and highs are $61,123.77 and $62,239.31, respectively, mirroring a tight trading session for the crypto as it trades in a re-accumulation phase. Nonetheless speculations of an imminent price rally continue to surface in the market.
Also Read: Ex-BlackRock Exec Joins Vanguard Sparking Speculations Over Bitcoin ETF Move
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