In a swift decision, Binance has expedited the delisting of the VIDT/BTC trading pair, moving the removal date to today at 11:30 AM (UTC). This unexpected change comes as the exchange cited insufficient liquidity and trading volume for the pair as the primary reasons behind the action.
Why Did Binance Accelerate the Delisting?
Originally slated for delisting on April 16, the VIDT/BTC pair’s removal was advanced to today’s date. This adjustment highlights Binance’s ongoing assessment of trading pairs, ensuring that only those with viable market activity remain available.
How Will Users Be Affected by This Change?
Despite the removal of the VIDT/BTC trading pair, VIDT Coin itself will still be tradable through USDT and other available pairs on Binance. The exchange continuously monitors trading performances, making adjustments as needed to safeguard market integrity.
To protect users, Binance typically provides advance notice of any delistings. However, the accelerated timeline this time may leave some users unprepared. The exchange has urged its users to review their automated trading systems, especially those utilizing trading bots.
All spot trading bots linked to the VIDT/BTC trading pair will also cease operation promptly at 11:30 AM (UTC). Users are responsible for managing their open orders and updating their bots prior to the delisting, as Binance will not undertake any restructuring of the system.
- Users must cancel existing orders and adjust bot settings to avoid potential losses.
- No changes will be made to the system apart from the removal of the VIDT/BTC trading pair.
- Traders focusing on altcoins should act quickly to prevent unexpected losses.
This latest development underscores the necessity for traders to stay vigilant and proactive regarding changes in trading pairs, especially when liquidity issues arise. While trading VIDT remains feasible through other pairs, the option to trade against BTC will no longer exist, marking a significant shift for those involved in VIDT transactions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/binance-removes-vidt-btc-trading-pair-today