The Following Cryptocurrencies Are Affected by Binance‘s Latest Change
TL;DR
- binance will stop supporting pairs such as ALPACA/BTC and QUICK/BTC towards the end of this week and advise users to adjust their trading bots to avoid losses.
- The exchange added IO.NET (IO) to various services and launched new contracts for Binance Futures Copy Trading.
Binance continues to adjust its offerings “to protect users and maintain a high-quality trading market.” The process involves periodic review of all listed pairs, some of which are removed from the platform due to poor liquidity or other reasons.
The company has recently clarified IT request Suspend trading services on ALPACA/BTC, NFP/TUSD, MDX/BTC, QUICK/BTC and XAI/BNB. The delisting effort will take effect June 14.
Some affected cryptocurrencies, such as NFP, MDX, and XAI, fell slightly after the announcement. Their decline coincides with a market correction prevailing across the entire cryptocurrency industry.
It is worth noting that a more severe price drop usually occurs when a leading exchange like Binance discontinues all services for a period of time. definite digital asset. Such was the case with the popular privacy coin Monero (XMR) in February. collapsed It rose more than 20% after the company withdrew its support.
Additional Binance Updates
In addition to removing some trading pairsBinance Additional From IO.NET (IO) to Binance Simple Earn, “Buy Crypto” and Binance Convert. The company has also included it on Binance Margin and Binance Futures, and its addition to Binance Auto-Invest is scheduled for June 13.
Finally, the firm implemented the following contracts: BB/USDT, ONDO/USDT and TNSR/USDT Binance Futures to Copy Trading.
This feature is designed to: Traders who don’t have the time or expertise to jump on the bandwagon on their own allow professional or experienced individuals to automatically copy their trades. However, it is important for users to do their own research and understand the risks involved before participating in copy trading.
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