Binance's Decision to Eliminate Five Spot Trading Pairs

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

Binance's Decision to Eliminate Five Spot Trading Pairs

Binance has revealed plans to discontinue trading on five spot trading pairs as of June 14, 2024, at 3:00 a.m. UTC. The affected pairs set for delisting are XAI/BNB, ALPACA/BTC, MDX/BTC, NFP/TUSD, and QUICK/BTC.

This removal is part of Binance's standard review procedure where each trading pair undergoes assessment to maintain a strong trading market. The decision to delist these pairs stems from their low trading volume and inadequate liquidity.

By eliminating these pairs, Binance aims to optimize users' trading experiences and uphold trading efficiency. The specific pairs to be delisted consist of BTC/ALPACA, BTC/MDX, TUSD/NFP, BTC/Quick, and XAI/BNB.

Despite the delisting, these tokens will remain available for trading using alternative pairs on the platform. Binance will also cease offering Spot Trading Bot services for these pairs, advising users of these bots to adjust settings or deactivate them before the discontinuation to mitigate potential risks.

This move by Binance reflects its commitment to providing premier trading experiences by removing pairs with liquidity issues. Removing dormant pairs from the market can enhance liquidity for active pairs and minimize market inefficiencies.

Binance recommends users to consult the original English version of the announcement for precise information and anticipates ongoing platform updates geared towards enhancing trading conditions as it continues to monitor and scrutinize trading pairs.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.