Binance To Remove Nine Altcoin Spot Trading Pairs This Week
Highlights
- Binance delists nine spot trading pairs on August 23 due to low liquidity.
- Delisting includes ARKM/TUSD, CHZ/EUR, and SUPER/FDUSD, among others.
- Users are advised to update strategies and cancel automated trades.
Binance cryptocurrency exchange has announced it will delist nine altcoin spot trading pairs effective August 23, 2024, at 03:00 UTC. This decision stems from the exchange’s ongoing efforts to ensure a high-quality trading environment by assessing the liquidity and volume thresholds of its listed trading pairs.
Binance to Remove Nine Spot Trading Pairs
According to a press statement by Binance, the affected spot trading pairs include ARKM/TUSD, CHZ/EUR, ENA/EUR, FIRO/BTC, IOTA/FDUSD, JOE/TRY, OMNI/BNB, REZ/BNB, and SUPER/FDUSD. The exchange delists these pairs as part of its routine market quality assessments. This will protect users and uphold the integrity of the trading environment.
Traders currently using these pairs should adjust their strategies and cancel or update any automated trades to avoid potential losses.
Users impacted by the delisting have to modify their trading setups, as the bot services for these pairs will also be terminated. Although the delisting affects specific trading pairs, it does not remove the individual tokens from the platform. This allows users to trade the spot trading pair’s base and quote assets on other available pairs at Binance.
Recent Developments in the Cryptocurrency Exchange
Despite the delisting, Binance today announced the introduction of new pairs and bot services for popular cryptocurrencies such as DOGE, MATIC, AAVE, NEAR, and TON, set to commence on August 22, 2024. This initiative aims to enhance the trading experience by offering more options and flexibility for their user base.
Additionally, the crypto exchange reported the listing of Dogs (DOGS) as the 57th project on its launchpool, with trading set to begin on August 26, 2024. The Ton-based meme coin will be available in four trading pairs: USDT, BNB, FDUSD, and TRY. This listing will enhance community engagement and provide new trading opportunities for users.
Starting from August 23, users can stake their BNB and FDUSD to farm DOGS tokens before the official trading launch.
Moreover, the exchange CEO, Richard Teng, recently highlighted Binance’s achievement in protecting 1.2 million users from over $2.4 billion in potential losses from crypto scams.
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