Binance Delists These Trading Pairs Within the Scope of New Developments.
Binance includes #Bitcoin (BTC), #Ethereum (ETH), #BNB , #Solana (SOL), #XRP , Cardano (ADA), Chainlink (LINK), Polygon (MATIC), Litecoin (LTC), and Dogecoin (DOGE) until December 20. It plans to delist some important spot pairs, including.
Crypto exchange Binance announced that it will remove and halt trading of GBP spot pairs in its official announcement on December 22. The move comes amid growing challenges such as regulatory burden, increased scrutiny and loss of banking partners. Binance trades ADA/GBP, BNB/GBP, BTC/GBP, DOGE/GBP, ETH/GBP, GBP/USDT, LINK/GBP, LTC/GBP, MATIC/GBP, SOL/GBP and XRP/GBP as of 29 Dec 06 It will be removed as of :00.
In October, Binance stopped accepting new customers in the UK in compliance with new FCA regulations restricting promotions by offshore digital asset companies in the country. Moreover, GBP users encountered problems with withdrawals and deposits after Binance's UK banking partner terminated its operating agreement.
“To protect users and maintain a high-quality trading market, Binance periodically reviews all listed spot trading pairs. “The exchange may delist selected spot trading pairs due to multiple factors.”
While there may be some pullback in the crypto market, the removal of GBP spot pairs will not cause a correction in the crypto market. Most of the trading volumes come from stablecoins and USD pairs.
BTC price has been moving sideways in the last 24 hours ahead of important US PCE inflation data. Due to the decline in trading volumes, the price is currently trading below $44,000. Meanwhile, in the 24 hours BTC reached a low of $43,387 and a high of $44,367. Altcoins are trading relatively stronger than Bitcoin. But a Christmas rally is expected amid spot advertising for the Bitcoin ETF approval.
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