Binance, one of the largest cryptocurrency exchanges in the world, has announced the removal of several spot trading pairs as part of its regular market review process. The deletion is set will take effect on January 17, 2025 at 03:00 UTC. This decision reflects Binance’s commitment to maintaining a high-quality trading platform and ensuring a smooth experience for its users.
Binance to remove these trading pairs
According to Binance, the affected spot trading pairs include BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BRL, NOT/BRL, PIXEL/BTC, TKO/BTC and TWT/BTC.
These pairs were identified during a routine review focusing on factors such as trading volume and liquidity. Pairs with consistently low activity levels often make trading difficult, prompting the decision to delist them.
Why Binance is removing these pairs
This move by Binance reflects its goal of creating a strong and efficient trading environment. By removing pairs with limited activity, the exchange can improve market liquidity and streamline the overall trading experience for its global user base. Regular reviews ensure that only the most active and useful trading pairs remain on the list.
For traders using any of the affected pairs, this early notice will provide sufficient time to adjust trading strategies and ensure a smooth transition before January 17.
Binance has made it clear that users can still trade these tokens through other active pairs on the platform. For example, even if a pair like BNX/BTC is dropped, users can continue trading BNX and BTC using other available options.
Impact on spot trading bots
The exchange also announced that Spot Trading Bots services will no longer support these trading pairs following the delisting. Binance has strongly advised users to update or cancel their Spot Trading Bots before the deadline to avoid potential losses.
Credit : coinpedia.org
