Cryptocurrency exchange Binance has announced the upcoming delisting of two trading pairs, citing routine liquidity and volume assessments.
Delisting of Trading Pairs on Binance
Binance announced the removal of BNB/UAH and ETH/UAH trading pairs on February 28 at 3:00 a.m. (UTC) due to low liquidity and trade volumes. These changes will not affect the availability of BNB and ETH tokens on the platform, as users can continue trading them against other available pairs.
Binance CEO Comments on Market Correction
Binance CEO Richard Teng urged viewing the current market sell-off as a 'tactical retreat' rather than a severe downturn. He highlighted the resilience of crypto markets in past crises and their ability to recover. In a social media post, Teng encouraged optimism, reminding that the fundamental drivers for crypto growth remain unchanged.
Strategies and Forecasts for Traders
In light of the changes, Binance advises traders to adjust their strategies ahead of the delisting date. History shows that crypto markets can experience significant fluctuations in response to macroeconomic shifts, yet they also exhibit a strong capacity for recovery. Stability is expected as market conditions stabilize.
Binance continues to prioritize the quality of trading on its platform, focusing on maintaining liquidity and volume. The current changes exemplify the ongoing adaptation to evolving market conditions and user needs.
