Binance made an announcement that they will be discontinuing trading for certain token pairs on their spot market, while introducing new cryptocurrencies instead.
Based on the announcement, Binance is planning to eliminate the trading pairs BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB from its spot market platform as of April 12. This means that users will no longer be able to buy or sell these particular cryptocurrency combinations on Binance after this date.
At Binance, we regularly assess each spot trading pair and have the authority to remove certain pairs from trading if necessary. Factors that could lead to this decision include insufficient liquidity and infrequent trading activity.
Binance announcement
Starting from April 11, Binance will introduce new trading options featuring USD Coin (USDC): CKB-USDC, ENA-USDC, ETHFi-USDC, and YGG-USDC. Consequently, trading bots are expected to become available for these pairings.
Binance has warned its clients to discontinue its trading bot services for the above trading pairs. Users should update or turn off their strategies to avoid possible financial loss.
Binance removes various trading pairs
Periodically, Binance makes changes to the trading pairs available on its platform. Recently, they announced that they would be removing five pairs from circulation, which included TrueUSD (TUSD) and Binance Coin (BNB), effective last month.
On Binance, if a token is not available for spot trading pairings, it doesn’t mean users can’t trade the token altogether. Instead, they can still exchange it with other tokens on the Binance Spot marketplace.
In February, the company made a announcement that it would remove some cryptocurrencies from its list, including Monero (XMR), which are known for providing anonymity.
In March, the following projects – Aragon (ANT), Multichain (MULTI), and Vai (VAI) – were taken down from Binance because they failed to comply with the exchange’s stringent requirements.
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2024-04-10 18:30