Binance To Remove XRP, ETH, ADA, MATIC, SOL And 15 Other Crypto In RUB Pairs

The world’s largest crypto exchange Binance on Friday said it is removing selected spot trading pairs. Binance is taking down some major crypto including Cardano (ADA), Polygon (MATIC), BNB, Ethereum (ETH), Litecoin (LTC), Solana (SOL), and XRP. The move will impact crypto market as Binance cease crypto trading in Russia ruble.

Binance Ceases Major Crypto Trading Pairs

Crypto exchange Binance to remove and cease trading of many crypto in Russian Ruble (RUB) pairs on November 20, as per an official announcement on November 17. Binance will remove some major spot trading pairs such as ADA/RUB, BNB/RUB, BUSD/RUB, DOT/RUB, ETH/RUB, LTC/RUB, MATIC/RUB, SOL/RUB, and XRP/RUB. The move is part of Binance’s plans to completely exit Russia and cease deposits in Russian Ruble. Binance recently entered into an agreement to sell the entirety of its Russia business to CommEX.

Other crypto include ALGO/RUB, ARB/RUB, ARKM/RUB, ARPA/RUB, NEAR/RUB, and WLD/RUB.

“To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume,” Binance said.

Users will not be able to do spot trading for the above-mentioned crypto from November 20 at 03:00 UTC. However, spot trading remains available for these crypto in other pairs.

Also Read: Coinbase And US SEC Send Joint Letter To Judge Concerning Judgment

Major Pairs Removed by Binance

Binance continue to remove major crypto pairs amid heightened scrutiny and regulatory challenges. The exchange is also gradually delisting BUSD stablecoin pairs to end support by February 2024.

CoinGape Media earlier reported that the exchange removed some major liquidity pools including Bitcoin (BTC), Ethereum (ETH), BNB, Cardano (ADA), Polygon (MATIC), Solana (SOL), Shiba Inu (SHIB), and Dogecoin (DOGE).

The crypto exchange also took down some crypto including Cardano (ADA), Polygon (MATIC), Avalanche (AVAX), Bitcoin Cash (BCH), Chainlink (LINK), Shiba Inu (SHIB), and Dogecoin (DOGE), as well as LUNA and LUNC in BUSD margin trading pairs.

Also Read: WisdomTree Revises Spot Bitcoin ETF; SEC May Delay Comments

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.