Binance, the largest cryptocurrency exchange in the world, has just announced plans to delist several trading pairs on December 27, 2024. This decision aims to streamline services, increase efficiency, and provide better trading opportunities for users.
The trading pairs being removed, such as AACE/BTC, ACM/TRY, BOME/BTC, and DYM/BTC, all have low liquidity. Nevertheless, the underlying tokens can still be traded through alternative pairs. Binance also recommends users disable related trading bots before the delisting process occurs to avoid losses.
This action is part of a strategy to regularly assess and improve the platform, helping to maintain high quality and liquidity.
Enhancing Transparency and Efficiency
Binance is not the only exchange implementing delisting. Competitors like Coinbase and Kraken are also adopting a similar approach to protect user interests. To increase transparency, Binance will add two new metrics from CoinMarketCap: Open Market Capitalization (UMC) and Open Circulating Supply (UCS).
These indicators help provide more accurate token data, aligning with Binance's goal of enhancing user experience and protecting users.
2024 - A Breakthrough Success Year for Binance
The year 2024 marks a breakthrough development for Binance with 70 million new users, bringing the total to over 240 million globally. Security measures have helped prevent $4.2 billion in fraud, protecting the assets of 2.8 million users.
Alongside this, Binance has achieved 20 global regulatory licenses and strengthened its compliance team by an additional 34%. These efforts reflect a commitment to building a safer, more transparent, and reliable trading platform.
(This article is excerpted from TheCoinrise.com.)