Binance, a leading global cryptocurrency exchange, has announced the removal of four specific spot trading pairs as part of its efforts to sustain a superior trading environment. The delisting will not impact the availability of the base and quote assets in Binance Spot, ensuring users can still access these cryptocurrencies through other trading pairs on the platform.
Which Trading Pairs Are Affected?
The trading pairs scheduled for removal on September 13, 2024, include BAND/TRY, LSK/ETH, NTRN/BTC, and PROM/BTC. Binance decided to take this action following routine market assessments, citing weak liquidity and low trading volume as key factors. The exchange emphasized that users would still be able to trade the underlying assets through other pairs available on the platform. Access COINTURK FINANCE to get the latest financial and business news.
Additionally, Binance will terminate the Spot Trading Bots services for these pairs. Users who utilize these automated trading bots are urged to update or cancel them before the service ends, to prevent any potential losses.
Why Does Binance Conduct Periodic Reviews?
Binance conducts periodic updates to ensure the platform remains a high-quality trading environment and safeguard user interests. These updates are based on comprehensive criteria including liquidity, trading volume, regulatory compliance, and the overall performance of the projects. When a trading pair fails to meet Binance’s stringent standards, it is removed to maintain market efficiency and integrity.
Users affected by this update are advised to check Binance’s extensive list of available trading pairs to continue trading the involved assets through different means.
Key Conclusions
From this announcement, the following key points can be concluded:
- Four trading pairs (BAND/TRY, LSK/ETH, NTRN/BTC, PROM/BTC) will be delisted on September 13, 2024.
- The removal is part of Binance’s regular market reviews aimed at maintaining a high-quality trading environment.
- The delisting will not affect the availability of the underlying assets in Binance Spot.
- Spot Trading Bots services for these pairs will also be terminated, and users should act accordingly to avoid losses.
Binance continues to prioritize market integrity and user protection through its regular updates and stringent reviews. Affected users are encouraged to adapt to these changes by utilizing other available trading pairs on the platform.
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-eliminates-four-trading-pairs