Binance, a leading cryptocurrency exchange, announced that it has removed several spot trading pair from its platform. Binance has announced that the decision is part of its periodic review aimed at maintaining high-quality trading environments.
Details about the Delisting
These trading pairs are ACE/BNB (ACE/BNB), DOT/TUSD (DOT/TUSD), MAGIC/FDUSD (MAGIC/FDUSD), MEME/BNB (MEME/BNB), SAND/BNB and XAI/TUSD. These pairs will stop trading at 03.00 (UTC) on June 7, 2024. Binance cited low trading volumes and poor liquidity as the reasons for delisting.
Impact on Users
It is advised that users who are engaged in spot-trading with the pairs mentioned above take any necessary action. Binance will terminate Spot Trading Bots for these pairs at the same time and date. Spot Trading Bots users are encouraged to update their bots or cancel them to avoid potential losses.
Additional Notes
Binance has stated that the translated versions of their original announcement may contain discrepancies. The most accurate information is found in the English version. The exchange reserves the right at any time to modify or cancel this announcement without prior notice.
Related Developments
This delisting is in line with a recent trend of major exchanges that periodically evaluate and optimize their trading pair for improved market efficiency. Binance removed similar trading pairs earlier this year. These actions are part a larger initiative to provide a safe and efficient trading environment.
Binance has the original announcement for more details.
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