Binance, the largest cryptocurrency exchange, has announced the delisting of GPS/FDUSD and HIVE/FDUSD trading pairs effective July 25, 2024.
Delisting Announcement
According to Binance's official statement, the GPS/FDUSD and HIVE/FDUSD pairs will be removed from the platform. This means that trading for these pairs will cease after July 25, 2024, at 03:00 UTC.
Reasons for Delisting
Delistings on exchanges can occur for a variety of reasons:
- Low liquidity or trading volume. - Lack of project activity or development issues. - Regulatory concerns. - Security vulnerabilities. - Failure to meet listing standards.
Specific reasons for the delisting of GPS/FDUSD and HIVE/FDUSD were not disclosed.
Actions for Traders
Traders holding assets in the GPS/FDUSD or HIVE/FDUSD pairs are advised to take the following steps:
1. Cease trading these pairs. 2. Cancel any existing orders. 3. Consider converting assets into other pairs. 4. Withdraw funds to a personal wallet. 5. Monitor further announcements from Binance.
The delisting of GPS/FDUSD and HIVE/FDUSD trading pairs on Binance emphasizes the need for careful attention to changes in the crypto market. Traders should be prepared for such situations.
