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.

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

Binance Crypto exchange, the world’s largest centralized Bitcoin (BTC) (BTC) trading venue and cryptocurrency exchange by volume of trading, has revealed intends to stop supporting plenty of BTC, AUD, and crypto 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 whole lot of volume of trading and the past few suspension of AUD deposits by Binance Crypto exchange Australia may 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) / Bitcoin (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. 

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

Binance Crypto exchange has clarified that  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.

At the time of publication, the price of BNB, Binance’s ecological system crypto token is exchanging hands for $308.84, representing a 1.6 percent decrease in the previous day. BNB has a market cap of $48,733,522,667, with a 24-hour volume of trading of $462 Million, reports by CoinGecko.

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


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