#Binance a Update on recent removal of spot trading pairs from Binance
According to the latest announcement, starting June 14, 2024, 04:00 UTC+1, the following spot trading pairs will no longer be available:
ALPACA/BTC
MDX/BTC
NFP/TUSD
QUICK/BTC
XAI/BNB
Additionally, it is important to note that in these pairs, $BTC , TUSD, $BNB serve as quote currencies, that is, they are used to measure the value of the base currencies.
Alpaca Finance (ALPACA), Mdex (MDX), NFPrompt, QuickSwap (QUICK), and xAI (XAI) appear to have lost popularity among users of Binance.However, the removal of the pairs mentioned above does not affect availability aggregate of individual tokens on Binance Spot. Users can therefore always exchange these tokens for other pairs available on the platform.
For example, ALPACA, MDX, NFP, QUICK and XAI can be exchanged for other cryptocurrencies like USDT
, $ETH or directly against fiat currencies, if available.
The move is part of Binance's commitment to providing a seamless trading experience. By removing pairs with low liquidity and trading volume from the list,
Binance aims to protect users from potential market inefficiencies and ensure a more seamless exchange experience. Low liquidity can lead to greater volatility and slippage, which can result in significant losses for traders.
This delisting follows #Binance 's regular examination practices, which evaluate various factors, including trading volume, liquidity and compliance with security standards. In addition to the delisting, Binance will also be terminating its Spot Trading Bots services for the aforementioned pairs at the same time.