Binance, the leading cryptocurrency exchange, has recently unveiled its decision to remove several spot trading pairs as part of an ongoing commitment to ensure user security and uphold market quality. This delisting primarily impacts spot trading pairs involving Binance Coin (BNB) and Justin Sun’s TrueUSD (TUSD) as quote currencies.
Scheduled to come into effect on March 15, 2024, at 03:00 a.m. UTC, the affected spot trading pairs encompass ARPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD, and PENDLE/TUSD, as outlined in the latest announcement. Binance attributes this delisting to factors such as inadequate liquidity and trading volume associated with these pairs.
Importantly, the removal of these spot trading pairs does not affect the availability of the underlying tokens themselves on Binance Spot. Users can still engage in trading the base and quote assets of these pairs through other available trading pairs on the platform.
Furthermore, Binance will discontinue its Spot Trading Bots services for the aforementioned spot trading pairs simultaneously. Users employing these bots are strongly encouraged to update or cancel their services before the termination to mitigate potential losses.
In tandem with the delisting, Binance is introducing new trading pairs and trading bot services to broaden its offerings. This expansion encompasses XRP, Dogwifhat (WIF), Floki (FLOKI), Near (NEAR), The Graph (GRT), and Synthetix (SNX). Commencing on March 13 at 08:00 a.m. UTC, Binance will facilitate trading for several new pairs, including FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY.
These additions are aimed at providing users with increased trading opportunities, enabling them to diversify their investment portfolios by trading popular tokens against fiat currencies. Additionally, Binance is preparing to roll out Trading Bots services for selected trading pairs, initially featuring Spot Algo Orders for FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY.
Related: Binance Lists ether.fi on Binance Launchpool
Furthermore, Binance plans to introduce Spot Grid and Spot DCA Services for WIF/USDT and XRP/FDUSD pairs. Additionally, the exchange has announced the launch of Rebalancing Bot services tailored specifically for WIF/USDT trading. This strategic move is geared towards enhancing the overall trader experience by offering automated trading strategies, empowering users to execute trades with increased efficiency and effectiveness.
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Best whishes to the team and it is going to be one of the top successful project in the coming future. This project is the result of good team work
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