Binance Removes Four Trading Pairs to Address Liquidity Issues

Four Trading Pairs Eliminated from Binance

Binance emphasized that it conducts regular reviews to protect its users and enhance the quality of trading in the market. Recent evaluations identified four trading pairs with low trading volumes and liquidity.

As of October 25, 2024, at 06:00 UTC, trading in ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC will cease. However, users can continue to buy and sell the cryptocurrencies in these pairs through other active pairs on Binance. For example, cryptocurrencies like ALGO and DGB will still be traded in other popular pairs.

Attention to Trading Bots

Binance also announced that trading bots linked to these trading pairs will be disabled on the same date. Users are advised to update or deactivate their trading bots to avoid potential losses.

While warning users about bot trading precautions, Binance highlighted that trading will continue through other pairs on its platform. This move is viewed as one of the measures taken by Binance to maintain market health.

The changes at Binance aim to create a healthier trading environment by targeting trading pairs with low volume and liquidity.

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