Binance drops top pairs with AUD over regulatory barrier

Binance drops top pairs with AUD over regulatory barrier


Binance announces delisting of several crypto-to-AUD trading pairs on its spot trading platform due to low trading volume and suspension of AUD deposits.

Binanceย Cryptoย exchange has announced that plentyย of crypto-to-AUD (Australian dollar) spot trading pairs will be delisted on the exchange on May 26.

Binanceย Cryptoย exchange, the worldโ€™s largest centralized Bitcoinย (BTC) (BTC) trading venue and cryptocurrency exchange by volumeย ofย trading, has revealed intendsย to stop supporting plentyย of BTC, AUD, and cryptoย altcoin pairs on its spot trading platform.

The exchange reveals support for the APE/AUD, avalanche (AVAX) / Australian dollar(AUD), AXS/AUD, DOT/AUD, FTM/AUD, LINK/AUD, SAND/AUD, and SHIB/AUD pairs will likewise be indefinitely stopped at 05:00 UTC on the same date.

A lack of wholeย lotย of volumeย ofย trading and theย pastย few suspension of AUD deposits by Binanceย Cryptoย exchange Australia mayย be the critical reasons behind this move.

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Per an official notice by the team on May, 24, the aptos (APT) / borealis (BRL), amp (AMP) / Bitcoinย (BTC) (BTC), Bella Protocol (BEL) / ether(ETH), stafi (FIS) / borealis (BRL), galxe (GAL) / ether (ETH), and GMT/BRL pairs will be delisted at exactly 03:00 (UTC) on May 26, 2023.ย 

Furthermore, the GMT/GBP, JASMY/BTC, KP3R/BNB, REI/BNB, SANTOS/BRL, SMTX/BTC, and XTZ/BNB pairs will likewise be delisted.

Binanceย Cryptoย exchange has clarifiedย thatย  its trading bots services on the influenced pairs will likewise be terminated on the same date. Nonetheless, users will be able to trade the delisted assets versus other available trading pairs on the exchange.

Atย theย timeย ofย publication, the price of BNB, Binanceโ€™s ecologicalย system cryptoย token is exchanging hands for $308.84, representing a 1.6 percent decrease in theย previousย day. BNB has a marketย cap of $48,733,522,667, with a 24-hour volumeย ofย trading of $462 Million, reportsย by CoinGecko.

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BNB is down by 54.99 percent from its record-breakingย peak (ATH) of $686.31 in May 2021.

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