•Binance, the world's leading cryptocurrency trading platform, has deleted spot trading pairs related to Bitcoin (BTC). Ethereum (ETH/USD), and Binance Coin (Investing.com BNB Index). The trading platform regularly conducts comprehensive reviews of all spot trading pairs listed, which prompted the move. These reviews act as a mechanism to evaluate various factors. Including liquidity and trading volume, with the aim of maintaining a high-quality trading market.
•Which Binance spot trading pairs have been deleted? The removal of the spot trading pairs in question will be effective as of 03:00 AM UTC on January 19. However, it should be noted that BTC, ETH and BNB do not act as the base currency but as the quote currency in these pairs. According to the latest announcement, affected spot trading pairs include:
_DAR/BNB
_DEXE/ETH
_ID/BNB
_POLS/BTC
•The delisting process is driven by considerations such as poor liquidity. Furthermore, it is necessary to note that although the deletion process affects specific trading pairs. However, it does not affect the general availability of tokens on Binance Spot. Hence, users can continue to trade the underlying assets and delisted pairs on other available trading pairs.
•However, Binance is also set to stop Spot Trading Bots services associated with the mentioned trading pairs at the same time. Users using these services are strongly encouraged to update or cancel their spot trading bots prior to termination to mitigate potential losses
•Binance Futures is adding a perpetual contract in an effort to diversify trading options and elevate the user experience. Binance Futures is set to offer a perpetual USD-M WIF contract. The permanent contract will be available from January 18, 2024 at 02:15 PM. UTC, offering leverage of up to 50x. The contract is linked to Dogwifat (WIF) as the underlying asset, and is settled in USDT.
•The perpetual contract size is 0.0001 and a maximum financing rate of +2.00%/-2.00%. While financing fees will be settled every four hours. Traders can participate in multi-asset placement. This enhances flexibility in trading across multiple margin assets.
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