Binance Delists BTC, ETH, BNB Spot Trading Pairs But Here’s The Catch
The leading cryptocurrency exchange, Binance, has made the decision to delist several spot trading pairs involving Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). This move comes as part of their regular comprehensive reviews of listed spot trading pairs, which aim to maintain a high-quality trading market. The delisting will take effect from 03:00 a.m. UTC on January 19. However, it’s important to note that BTC, ETH, and BNB serve as the quote currency rather than the base currency in these pairs.
Which Binance Spot Trading Pairs Have Been Delisted?
The affected spot trading pairs include DAR/BNB, DEXE/ETH, ID/BNB, and POLS/BTC. The decision to delist these pairs is based on factors such as poor liquidity. It’s worth mentioning that although these specific trading pairs are being delisted, the tokens involved will still be available on other trading pairs. So users can continue trading them.
However, Binance is also discontinuing its Spot Trading Bots services related to these trading pairs. Users are advised to update or cancel their Spot Trading Bots before the termination to avoid potential losses.
Binance Futures Adds Dogwifhat Perpetual Contract
Binance Futures is expanding its trading options by introducing the USD-M WIF Perpetual Contract. Starting from January 18, 2024, at 02:15 p.m. UTC, users will have access to this contract with leverages of up to 50x. The underlying asset for this contract is Dogwifhat (WIF) and settlement is done in USDT.
The perpetual contract has a tick size of 0.0001 and a funding rate capped at +2.00%/-2.00%. The funding fee settlement occurs every four hours. Traders can also engage in Multi-Assets Mode, which allows them to trade across multiple margin assets for added flexibility.
Hot Take: Binance Takes Steps to Enhance Trading Experience
Binance’s decision to delist certain spot trading pairs reflects their commitment to maintaining a high-quality trading market. By removing pairs with poor liquidity, they aim to improve the overall trading experience for users. Additionally, the introduction of the Dogwifhat Perpetual Contract on Binance Futures provides traders with more options and leverages, allowing them to diversify their trading strategies. These moves demonstrate Binance’s dedication to continuously enhancing their platform and meeting the evolving needs of crypto traders.
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