Ethereum
Binance to remove 5 trading pairs: details
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Effective June 14, 2024, 3:00 a.m. UTC Binance plans to eliminate and stop trading on five spot trading pairs. The following pairs are expected to be delisted: XAI/BNB, ALPACA/BTC, MDX/BTC, NFP/TUSD and QUICK/BTC.
This action is part of Binance’s routine review procedure, in which the platform evaluates each listed trading pair to ensure a high-caliber trading market. This decision was mainly influenced by the low trading volume and low liquidity of these particular pairs.
By writing them off, Binance hopes to keep its users’ trading experience seamless and efficient. The delisted pairs and their accompanying information are detailed here: BTC/ALPACA, BTC/MDX, TUSD/NFP, BTC/Quick and XAI/BNB.
These tokens will not be removed from the market; instead, users will still be able to trade these assets using other pairs available on the platform. Additionally, Binance will simultaneously stop providing Spot Trading Bot services for these pairs. To avoid any possible losses, users of these robots are recommended to change or delete their settings before stopping their use.
Binance emphasizes that this move is part of its commitment to providing users with premium trading experiences by removing any pairs that may have liquidity issues. By removing inactive pairs from the market, they can improve liquidity for active pairs while limiting market inefficiencies.
As always, Binance advises users looking for the most accurate information to consult the original English version of the announcement. Users can expect more platform updates aimed at improving trading as Binance monitors and reviews trading pairs.
About the Author
Arman Shirinian
Arman Shirinyan is a trader, crypto enthusiast and SMM expert with over four years of experience.
Arman strongly believes that cryptocurrencies and blockchain will be of constant utility in the future. Currently, it focuses on news, articles with in-depth analysis of crypto projects and technical analysis of cryptocurrency trading pairs.