Key Points
- Binance issued a notice of removal for 9 spot trading pairs on August 23.
- The spot trading pairs include ARKM/TUSD, CHZ/EUR, ENA/EUR, FIRO/BTC, IOTA/FDUSD, JOE/TRY, OMNI/BNB, REZ/BNB, and SUPER/FDUSD.
Binance just released an official announcement, revealing the removal of 9 spot trading pairs on August 23.
In the official notes, the exchange highlights that it conducts periodic reviews of all the listed spot trading pairs, in order to protect users and maintain a high-quality trading market.
To protect the ecosystem, Binance may delist selected spot trading pairs due to multiple factors including poor liquidity and trading volume.
Based on the exchange’s most recent reviews, Binance announced the removal and cessation of trading for the following spot trading pairs on August 23, at 03:00 (UTC):
- ARKM/TUSD
- CHZ/EUR
- ENA/EUR
- FIRO/BTC
- IOTA/FDUSD
- JOE/TRY
- OMNI/BNB
- REZ/BNB
- SUPER/FDUSD
Important Delisting Details
In the official announcement, Binance noted that the delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot.
This means that users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on the exchange.
Also, according to the same notes, Binance will terminate Spot Trading Bots services for all the spot trading pairs mentioned above on August 23, at 03:00 (UTC) where this is applicable.
Users are strongly advised to update or cancel their Spot Trading Bots before the cessation of Spot Trading Bots services to avoid potential losses.
Speaking of Binance’s efforts to protect the ecosystem and its users, recently the exchange revealed important data about preventing losses from frauds and scams in 2024.
Binance Prevented $2.4 Billion in Losses
According to official data, from January to July 2024, Binance has successfully prevented over $2.4 billion in potential losses from scams and fraud.
The exchange safeguarded more than 1.2 million users globally.
The accomplishment is attributed to the exchange’s strong risk management measures that are highly effective in detecting and flagging suspicious transactions on its platform.
