Coinspeaker Binance Announces Delisting of Trading Pairs amidst Growing User Base
Binance has announced that it will delist several trading pairs on December 27, 2024, as part of its efforts to maintain a high-quality trading platform. The decision comes after a routine review identified pairs with low trading activity or liquidity, making them less suitable for users.
The exchange listed the affected trading pairs, which include ACE/BTC, ACM/TRY, BOME/BTC, DYM/BTC, MTL/TRY, PIXEL/BNB, PIXEL/FDUSD, QKC/BTC, RAD/BTC, REZ/FDUSD, and TUSD/TRY. It further noted that while trading on these pairs will cease, users can still trade the individual tokens using other available pairs on Binance. The exchange stated:
“Delisting a spot trading pair will not affect users’ ability to trade its corresponding tokens on the Binance spot platform (if applicable). Users can still trade the underlying assets and quoted assets of the spot trading pair on other trading pairs provided by the Binance platform.”
Binance advised users employing trading bots on these pairs to disable them before the removal, which is set to occur on December 2027, to avoid any potential issues. This shows the exchange’s commitment to safeguarding user interests and streamlining its trading services. It stated:
“Binance will remove the trading bot service (if applicable) from the above spot trading pairs at 11:00 (ET) on December 27 , 2024. Users are strongly recommended to close and/or cancel the relevant spot trading bots before the trading bot service for the above trading pairs is stopped to avoid any potential losses.”
The exchange also encourages users to review Binance’s official FAQs on delisting guidelines to stay informed about the processes and policies surrounding the removal of cryptocurrencies from the platform.
Enhanced Transparency with New Metrics for Tokens
Binance has addressed concerns about the circulating supply data shown on its platform, explaining that it currently relies on CoinMarketCap’s (CMC) methodology, which excludes insider allocations from the circulating supply figures.
To improve transparency, the exchange will soon include two new metrics from CMC: Unlocked Market Capitalization (UMC) and Unlocked Circulating Supply (UCS). These additions aim to provide users with more detailed data about tokens.
Record User Growth and Fraud Prevention Milestones in 2024
Binance recently revealed that the number of its users reached a new height in 2024. The leading crypto exchange stated in a release that its global community has increased to more than 240 million, as it added 70 million more new users this year.
Aside from the growth in its user base, the exchange has also been able to curb users from getting scammed, as its system has stopped over $4.2 billion in possible losses in scams and fraud in 2024, protecting more than 2.8 million users worldwide.
The exchange has expanded its global compliance by securing 20 regulatory licenses worldwide, demonstrating its commitment to a safer and more transparent crypto environment, and helping it serve more users with new opportunities.
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Binance Announces Delisting of Trading Pairs amidst Growing User Base
