Spot Trading Pairs Removal Announcement by Binance

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by Giorgi Kostiuk

2 years ago

Made with AI

Spot Trading Pairs Removal Announcement

Binance has recently announced the removal of specific spot trading pairs on June 7th. The trading pairs slated for removal include ACE/BNB, DOT/TUSD, MAGIC/FDUSD, MEME/BNB, SAND/BNB, and XAI/TUSD.

In an updated official statement, Binance disclosed its decision to eliminate certain trading pairs, effective from June 7th. The exchange emphasized the importance of safeguarding users and upholding market quality through routine reviews of all listed spot trading pairs. Factors such as poor liquidity and trading volume may prompt Binance to delist selected pairs.

Following recent assessments, Binance confirmed the discontinuation of trading for the aforementioned spot trading pairs on June 7th at 03:00 (UTC).

Key Details on Spot Trading Pairs Removal

Binance clarified that removing a spot trading pair will not impact the availability of tokens on Binance Spot. Users can continue trading the base and quote assets of the delisted pairs through other available trading pairs on Binance.

The exchange will terminate Spot Trading Bots services for the affected spot trading pairs on June 7th at 03:00 (UTC).

Users are urged to update or cancel their Spot Trading Bots before the service cessation to mitigate potential losses.

Dispelling Stablecoin Ban Speculations

In a notable development concerning Binance, Kyrylo Khomiakov, Binance’s Head of CEE and CIS, addressed rumors about a possible ban on stablecoins during Binance Campus.

Khomiakov refuted claims of an impending stablecoin delisting, clarifying misunderstandings in the media. He dismissed reports suggesting a complete delisting of stablecoins by Binance, emphasizing that this misinformation pertained to European users only.

Khomiakov emphasized that the upcoming MiCA regulations would introduce new rules for stablecoins, effective from July 1. Binance has recently issued statements explicitly addressing these regulatory changes.

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