In a strategic move, the cryptocurrency exchange Binance has decided to delist certain trading pairs due to low liquidity and insufficient trading volume. This decision is part of Binance’s routine reviews aimed at maintaining a high-quality trading environment for its users. The removal of these pairs is slated to take effect on August 30, 2024, at 06:00 Turkey time.
Which Trading Pairs Have Been Delisted?
The specific trading pairs set to be delisted include ALCX/BTC, BCH/TUSD, CHZ/BRL, ETHFI/BNB, and OMNI/BRL. While these pairs will no longer be available, the respective tokens will still be tradable through other pairs on Binance Spot. This move aims to streamline trading options and ensure better liquidity across the platform. Access COINTURK FINANCE to get the latest financial and business news.
How Will This Affect Users?
The delisting will not affect the availability of the tokens themselves, meaning users can continue trading these assets through different pairs. However, Binance will also end Spot Trading Bot services for the affected pairs on the same date. Users are advised to update or cancel their Spot Trading Bots to avoid potential losses.
Key Takeaways
- Delisting of the pairs aims to improve overall market quality.
- Tokens remain available for trade through other pairs on Binance.
- Users must update or cancel Spot Trading Bots to prevent losses.
- The change will take effect on August 30, 2024, at 06:00 Turkey time.
This decision by Binance highlights the exchange’s ongoing efforts to maintain a robust and efficient trading environment, ensuring that users have access to the most liquid and active markets.
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-delists-trading-pairs-over-low-liquidity