Binance Delisting 19 BUSD Trading Pairs
Binance, the leading cryptocurrency exchange, has announced that it will be removing 19 trading pairs from its platform. This delisting is scheduled to take place on October 6th. The affected trading pairs include 1INCH/BUSD, AERGO/BUSD, ANKR/BUSD, and more.
Reasons for Delisting
The exact reasons for the delisting have not been disclosed by Binance. However, the exchange has mentioned that it conducts periodic reviews of all listed spot trading pairs and may delist them due to factors such as poor liquidity and trading volume.
Binance has also revealed that all of the delisted trading pairs are BUSD trading pairs. The exchange had previously announced that it will discontinue support for BUSD starting Q1 2024. Users are advised to convert their BUSD holdings to other assets before February 2024.
Impact on Users
It is important to note that the delisting of these trading pairs does not affect the availability of the tokens on the Binance Spot platform. Users can still trade these tokens on other available trading pairs.
However, Binance has strongly advised users to update or cancel their Spot Trading Bots before the cessation of Spot Trading Bots services to avoid any potential losses.
Hot Take: Binance Delists 19 BUSD Trading Pairs
In a recent move, Binance has decided to remove 19 trading pairs from its platform. While the exact reasons for this delisting remain undisclosed, poor liquidity and an upcoming discontinuation of BUSD support in Q1 2024 are possible factors. It is important for users to be aware of these changes and take necessary actions such as updating or canceling Spot Trading Bots. Despite the delisting, the tokens will still be available on Binance’s Spot platform, allowing users to trade them on other available trading pairs. Stay informed and make any required adjustments to your trading strategies to minimize any potential impact.
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