On October 6th, Binance, the world’s leading cryptocurrency exchange, will be removing 19 Trading pairs from its platform. The reason for the delisting has not been disclosed, but Binance has mentioned that it conducts periodic reviews of all listed spot trading pairs and may delist them due to factors such as poor liquidity and trading volume. All of the trading pairs being removed are BUSD trading pairs, and Binance had previously announced that it will discontinue support for the stablecoin starting Q1 2024.
The specific trading pairs being delisted include 1INCH/BUSD, AERGO/BUSD, ANKR/BUSD, DATA/BUSD, DIA/BUSD, ERN/BUSD, IOST/BUSD, KP3R/BUSD, LOKA/BUSD, LRC/BUSD, LTO/BUSD, MDX/BUSD, OM/BUSD, POLYX/BUSD, RARE/BUSD, SLP/BUSD, SUSHI/BUSD, THETA/BUSD, and YFI/BUSD.
Binance has assured users that the delisting of these trading pairs does not affect the availability of the Tokens on the Binance Spot platform. Users can still trade these tokens on other available trading pairs. However, Binance has advised users to update and/or cancel their Spot Trading Bots before the cessation of Spot Trading Bots services to avoid any potential losses.
It is unclear why these specific trading pairs are being delisted, but it is possible that they have low liquidity and trading volume. Binance’s decision to discontinue support for BUSD in the future may also be a factor. BUSD is a stablecoin, and Binance recommends users to convert their BUSD holdings to other assets before February 2024.
It is important for users to stay updated on these changes and to take appropriate action to ensure the safety of their assets. Although the delisting may limit the trading options for these tokens, they can still be traded on other available trading pairs on the Binance Spot platform.
In conclusion, Binance will be removing 19 trading pairs from its platform on October 6th. The exact reason for the delisting is unknown, but it could be due to factors such as poor liquidity and an upcoming discontinuation of BUSD support in Q1 2024. Users are advised to update and/or cancel their Spot Trading Bots and to convert their BUSD holdings to other assets before February 2024..
#Binance #Delist #Whopping #Trading #Pairs #October #6th
The specific trading pairs being delisted include 1INCH/BUSD, AERGO/BUSD, ANKR/BUSD, DATA/BUSD, DIA/BUSD, ERN/BUSD, IOST/BUSD, KP3R/BUSD, LOKA/BUSD, LRC/BUSD, LTO/BUSD, MDX/BUSD, OM/BUSD, POLYX/BUSD, RARE/BUSD, SLP/BUSD, SUSHI/BUSD, THETA/BUSD, and YFI/BUSD.
Binance has assured users that the delisting of these trading pairs does not affect the availability of the Tokens on the Binance Spot platform. Users can still trade these tokens on other available trading pairs. However, Binance has advised users to update and/or cancel their Spot Trading Bots before the cessation of Spot Trading Bots services to avoid any potential losses.
It is unclear why these specific trading pairs are being delisted, but it is possible that they have low liquidity and trading volume. Binance’s decision to discontinue support for BUSD in the future may also be a factor. BUSD is a stablecoin, and Binance recommends users to convert their BUSD holdings to other assets before February 2024.
It is important for users to stay updated on these changes and to take appropriate action to ensure the safety of their assets. Although the delisting may limit the trading options for these tokens, they can still be traded on other available trading pairs on the Binance Spot platform.
In conclusion, Binance will be removing 19 trading pairs from its platform on October 6th. The exact reason for the delisting is unknown, but it could be due to factors such as poor liquidity and an upcoming discontinuation of BUSD support in Q1 2024. Users are advised to update and/or cancel their Spot Trading Bots and to convert their BUSD holdings to other assets before February 2024..
#Binance #Delist #Whopping #Trading #Pairs #October #6th
