Important Binance Announcement Affecting Many Altcoin Investors: Details
TL;DR
- binance will remove several trading pairs and discontinue certain Trading Bots services on June 7.
- Despite being delisted, the prices of most cryptocurrencies remain unaffected, with only MEME seeing a slight decline, while the rest are benefiting from the overall bullish market.
The world’s largest cryptocurrency exchange continues to implement changes to its platform “to protect users and maintain a high-quality trading market.” Its latest change includes the removal of several trading pairs such as DOT/TUSD, SAND/BNB, magic/FDUSD, MEME/BNB, XAI/TUSD and ace/BNB.
Attempt to remove from list enter Valid on June 7. Spot Trading Bots services for the pairs in question will also be terminated on this date.
Announcement seems to have It did not affect the prices of most of the relevant cryptocurrencies. MEME is the only company recording a slight decline, while the rest appear in the green, in line with the overall bullish mood of the entire cryptocurrency market today (June 5).
A. big A price drop usually occurs when Binance discontinues all services related to a particular digital asset, not just certain trading pairs. The search was made in February popular privacy coin Monero (XMR) rolled After the stock market withdrew its support, there was an increase of over 20%.
Something similar happened when Binance discontinued trading services with OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM) earlier this week.. Absolute number of affected tokens dived It reached double digits immediately after the announcement.
Binance’s Previous Announcements
Moreover Binance removes trading pairs due to poor liquidity, the level and quality of development activity, and other reasons, and frequently introduces new ones to users.
Last week, Additional BTC/MXN, XRP/MXN, ENS/USDC and LDO/USDC on Binance Spot. Two of these refer to the Mexican Peso (MXN), the national currency of the Latin American country. Earlier this year, company started A direct pair between USDT and MXN.
Before he, Binance including pepe/EURO, AR/FDUSD, ENA/EUR, REZ/USDC and TRB/FDUSD are trading options on Binance Spot. It also allowed trading bot services for PEPE/EURO, BB/USDT, NOT/USDT, AR/FDUSD, ENA/EUR, PEPE/EUR, REZ/USDC and TRB/FDUSD.
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive a special $600 welcome offer on Binance (full details).
LIMITED OFFER 2024 on bydfi Exchange: Welcome reward up to $2,888, use this link to register and open 100 USDT-M positions for free!
#Important #Binance #Announcement #Affecting #Altcoin #Investors #Details