Binance Delists Several Spot Trading Pairs
Binance, the world’s leading crypto trading platform, has decided to delist several spot trading pairs involving Bitcoin (BTC), Ethereum (ETH), BBNB, Floki Inu (FLOKI), and others. This move comes as part of Binance’s efforts to protect users and maintain trading market standards. The delisting will take place on January 12, 2024, at 03:00 a.m. UTC.
List of Delisted Spot Trading Pairs
According to Binance’s announcement, the spot trading pairs that will be removed from the platform include CITY/BTC, COS/BNB, COTI/BNB, FLOKI/TUSD, FUN/BNB, HIFI/ETH, LTC/UAH, MULTI/BTC, and PSG/BTC. These pairs are being delisted due to factors like poor liquidity and trading volume.
It’s important to note that the removal of these spot trading pairs will not affect the availability of the tokens on Binance Spot. Users will still be able to trade these cryptocurrencies using other available pairs.
However, Binance will cease Spot Trading Bots services for these pairs on the same date and time. Users are advised to update or cancel their Spot Trading Bots in advance to avoid potential losses.
New Additions to Spot Trading
Although several trading pairs are being delisted, Binance has introduced new additions to its spot trading arena. These additions aim to expand the range of trading choices on the platform and enhance user experience.
According to a recent update from Binance, three new spot trading pairs—SKL/TRY, STX/FDUSD, and TIA/FDUSD—will be available for trading starting from January 11, 2024, at 08:00 a.m. UTC.
Binance is also improving its Trading Bots services. In addition to the new listings, Trading Bots services will be activated for AI/USDT and NFP/USDT pairs. Furthermore, users can utilize Spot Algo Orders for SKL/TRY, STX/FDUSD, and TIA/FDUSD pairs.
Additionally, Binance has made an important announcement regarding FDUSD spot traders. It states that there will be “zero” maker fees on all FDUSD trading pairs unless otherwise specified.
Hot Take: Binance’s Delisting Decision Aims to Enhance Trading Experience
Binance’s decision to delist certain spot trading pairs reflects its commitment to maintaining high standards in the crypto market. By removing pairs with poor liquidity and trading volume, Binance aims to protect its users and improve their trading experience.
At the same time, the platform is introducing new spot trading pairs to offer traders more options and enhance their flexibility. With the addition of these new pairs and improvements in Trading Bots services, Binance is demonstrating its dedication to providing a diverse and user-friendly trading environment.
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