Binance removes spot trading pairs to influence CAKE,DYDX, and LAZIO

Binance removes spot trading pairs to influence CAKE,DYDX, and LAZIO

Binance, in order to maintain a high quality trading environment, will delist and stop trading multiple spot trading pair, such as CAKE/TUSD DYDX/BNB LAZIO/BTC. This announcement was made by the exchange on 29 May 2024.

Market Quality Reviews: Periodic Reviews

Binance, a leading cryptocurrency exchange in the world, regularly assesses all of its spot trading pairs. These assessments are intended to protect users and maintain the integrity of the market. As part of this process, the exchange may choose to delist any pairs with low liquidity or trading volume.

The announcement did not specify the exact pairs that were removed. The delisting is expected to be complete by May 31, 2020.

Spot Trading Bots: Impact

Binance will terminate Spot Trading Bots for the affected pair(s) as part of its delisting procedure at 03.00 (UTC), May 31, 2024. It is strongly recommended that users who use these bots update their bots or cancel them to avoid possible losses.

Binance stressed the importance of referring to the original English version for the most accurate and up-to-date information.

Warnings and User Guides

In the announcement, there were several disclaimers that reminded users of the inherent risk associated with trading digital assets. Binance warned that investments can fluctuate dramatically in value and that users should only make investments they understand. The exchange recommended consulting independent financial advisors prior to making investment decisions.

READ  Michael Cohen's AI Blunder - Unknowingly Citing Faux Google Bard Cases

Binance reserves the right to modify or cancel any announcement without prior notice at any time. This is why it's important to stay up-to-date with the most recent information straight from the platform.

Image source: Shutterstock

. . .