Cryptocurrency exchange Binance has announced that it will delist nine altcoin spot trading pairs effective August 23, 2024, 03:00 UTC. The decision comes as the exchange continues to ensure a high-quality trading environment by assessing the liquidity and volume thresholds of listed trading pairs.
Binance Will Remove Nine Spot Trading Pairs
According to Binance's press release, the affected spot trading pairs include ARKM/TUSD, CHZ/EUR, ENA/EUR, FIRO/BTC, IOTA/FDUSD, JOE/TRY, OMNI/BNB, REZ/BNB, and SUPER/FDUSD. The exchange is delisting these pairs as part of its regular market quality review. This will protect users and maintain the integrity of the trading environment.
Traders currently using these currency pairs should adjust their strategies and cancel or update any automated trades to avoid potential losses.
Users affected by the delisting will need to modify their trading settings, as bot services for these pairs will also be terminated. While the delisting affects specific trading pairs, it does not remove individual tokens from the platform. This allows users to trade the underlying spot pair and quote the asset on other available pairs on Binance.
Recent Developments in Cryptocurrency Exchanges
Despite the delisting, Binance today announced the launch of new trading pairs and bot services for popular cryptocurrencies such as DOGE, MATIC, AAVE, NEAR, and TON, scheduled to begin on August 22, 2024. The initiative aims to enhance the trading experience by providing more options and flexibility to their user base.
Additionally, the cryptocurrency exchange reported the listing of Dogs (DOGS) as the 57th project on its launchpool, with trading set to begin on August 26, 2024. The Ton-based meme coin will be available in four trading pairs: USDT, BNB, FDUSD, and TRY. The listing is expected to increase community engagement and provide new trading opportunities for users.
Starting August 23, users can stake BNB and FDUSD to farm DOGS tokens before trading officially launches.
Furthermore, the exchange’s CEO, Richard Teng, recently highlighted Binance’s track record of protecting 1.2 million users from the risk of losing over $2.4 billion to cryptocurrency scams.
