The cryptocurrency exchange Binance has announced the launch of a new token, Sapien (SAPIEN), which will be available for trading starting August 20, along with the delisting of three existing trading pairs.
Launch of Sapien Token on Binance
Binance confirmed that the Sapien (SAPIEN) token will be the first token launched on the platform. Spot trading will begin on August 20 at 5:00 PM UTC. Shortly thereafter, a SAPIEN/USDT perpetual contract with leverage up to 50x will roll out at 5:30 PM UTC.
Delisting of Trading Pairs
Binance also announced the delisting of three trading pairs: MOVE/FDUSD, NIL/FDUSD, and SXT/BNB. Trading for these pairs will be halted on August 22 at 03:00 UTC.
Binance's Strategy in Managing Trading Pairs
The exchange noted that regular reviews may lead to delistings due to factors such as low liquidity or trading volume. This move underscores Binance's efforts to balance innovation with market stability, providing early access to emerging tokens like Sapien while phasing out pairs that no longer meet its standards.
The addition of the Sapien token and the removal of several trading pairs reflect Binance's ongoing commitment to innovation and adaptation to market demands, which may be significant for its users.
