Major Crypto Exchange Binance Makes Adjustments to Trading Pairs
On July 5, Binance, the biggest cryptocurrency exchange globally, is set to stop trading for six pairs, including BTC/AEUR and ETH/AEUR. The decision may be due to factors such as poor liquidity affecting these trading pairs.
Binance’s Latest Announcement
Binance recently disclosed its plans to end trading for specific pairs effective July 5. The affected pairs are BTC/AEUR, ETH/AEUR,AI/TUSD, CHR/BNB, GAS/FDUSD, and LQTY/FDUSD. While the exchange did not specify the exact reasons for delisting these pairs, it is common for them to review trading options periodically and remove those with low liquidity or other concerns.
- Some of the impacted cryptocurrencies are experiencing a decline in their value, aligning with the overall market trend. The global crypto market capitalization has seen a notable 3.5% drop.
- Notably, Binance recently introduced new trading pairs like WIF/BRL, ZK/USDC, and ZRO/USDC to its platform. However, users in specific regions, including Canada, Iran, and the USA, are not eligible for trading these pairs.
Binance’s Recent Actions
Over the past year, Binance has made several adjustments to its trading pairs, aiming to optimize its offerings and adhere to regulatory requirements:
- In the previous month, Binance stopped trading for pairs like ALPACA/BTC, NFP/TUSD, MDX/BTC, QUICK/BTC, and XAI/BNB.
- Earlier, the exchange decided to discontinue all Monero (XMR) transactions, leading to a significant price drop for the popular privacy-focused coin.
Conclusion
As Binance continues to refine its trading offerings, it’s essential for traders to stay informed about changes in trading pairs and platform updates to make knowledgeable decisions in the dynamic crypto market.
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