Binance Delists Multiple Spot Trading Pairs

Richard Teng

After sharing news about removing some key spot trading pairs, Binance also introduced three new options to give users more trading choices.

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Binance, a major cryptocurrency trading platform globally, has decided to remove various spot trading pairs related to Bitcoin (BTC), Ethereum (ETH), BNB, Floki Inu (FLOKI), and more. This move is part of Binance’s effort to ensure user safety and maintain high standards in the trading market. Following a thorough review, several trading pairs are scheduled for delisting on January 12, 2024, at 03:00 a.m. UTC.

Binance Announces Removal of Spot Trading Pairs

Binance, in its recent announcement, disclosed the removal of several spot trading pairs due to factors such as poor liquidity and trading volume. The affected trading pairs include CITY/BTC, COS/BNB, COTI/BNB, FLOKI/TUSD, FUN/BNB, HIFI/ETH, LTC/UAH, MULTI/BTC, and PSG/BTC. The delisting is scheduled for January 12, 2024, at 03:00 a.m. UTC.

It’s crucial to note that despite the removal of these spot trading pairs, the availability of the tokens on Binance Spot will not be impacted. Users can continue trading these cryptocurrencies using other available pairs on the platform.

However, Binance will discontinue Spot Trading Bots services for the specified pairs at the same date and time. Users are advised to proactively update or cancel their Spot Trading Bots to mitigate potential losses associated with this change.

Binance Expands Spot Trading Options and Enhances Services

In response to the delisting of major trading pairs, Binance has introduced new additions to its spot trading platform. This strategic move aims to enrich the range of trading choices available, enhancing the overall user experience. Starting from January 11, 2024, at 08:00 a.m. UTC, traders can engage in trading activities through the SKL/TRY, STX/FDUSD, and TIA/FDUSD pairs.

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Simultaneously, Binance is gearing up to improve its Trading Bots services. In conjunction with the new listings, Trading Bots services will be activated for AI/USDT and NFP/USDT pairs. Users will also have the opportunity to utilize Spot Algo Orders for the SKL/TRY, STX/FDUSD, and TIA/FDUSD pairs.

In a notable announcement for FDUSD spot traders, Binance declared a ‘zero’ maker fees policy on all FDUSD trading pairs, unless otherwise specified. This initiative is expected to provide additional benefits to traders engaging in FDUSD spot trading on the platform.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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  • SHBAZ

    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

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