Binance, the world's largest cryptocurrency exchange, announced the removal of two major spot trading pairs: NOT/BNB and RDNT/BTC. This decision was made following Binance's regular review process, which considers factors such as declining liquidity and trading volume issues. If you currently hold positions in these currency pairs, here is everything you need to know.
Why is Binance removing these trading pairs?
Binance stated in the announcement that it will regularly review all trading pairs to ensure a smooth and efficient experience for users. They decided to remove NOT/BNB and RDNT/BTC due to insufficient trading activity and liquidity for these pairs to remain on the platform.
In simple terms, their trading volume is insufficient to meet Binance's criteria for maintaining availability.
As part of Binance's commitment to enhancing user experience, only currency pairs that maintain healthy trading activity and liquidity will be kept on the platform.
When will the delisting occur?
The delisting will take place on December 6, 2024, at 03:00 UTC. From that moment on, users will no longer be able to trade NOT/BNB or RDNT/BTC on Binance.
However, Binance will not completely remove individual tokens from the platform. Users can still trade the underlying assets and quote assets of these currency pairs on other available markets on Binance.
Impact on spot trading bots
If you are using a spot trading bot with the NOT/BNB or RDNT/BTC pairs, you need to act quickly. Binance will stop supporting these trading bots on December 6 at 03:00 UTC. This means that any active bots using these pairs will stop working. Therefore, to avoid any issues or losses, users are strongly advised to update or cancel their bots in advance.
For most users, as long as they haven't invested a significant amount in these specific trading pairs, the impact will be minimal.