As a seasoned researcher with a penchant for all things crypto, I find myself constantly monitoring the ever-evolving landscape of this dynamic market. Today, Binance’s decision to delist four major trading pairs has caught my attention. Given my experience in observing similar moves by other exchanges, I can see the rationale behind their desire to protect users and maintain a high-quality trading market.
One of the globe’s leading cryptocurrency trading platforms, Binance, has declared that it will no longer support trading for four significant digital currency pairs.
Through a recent statement, Binance shared that their choice was primarily driven by user safety, while ensuring the continued excellence of our trading market. Routine assessments are conducted on all listed spot trading pairs, and certain pairs may be removed based on factors such as insufficient liquidity or low trading activity.
According to its latest feedback, Binance plans to stop and eliminate trading for the spot markets APE/ETH, ATOM/BNB, BAL/BTC, and BNB/DAI on October 11, 2024 at 3:00 a.m. (UTC) in the future.
On the specified date, our crypto exchange is going to stop providing Spot Trading Bot services for certain trading pairs that were previously mentioned. To prevent potential losses, Binance users are advised to either update or deactivate their Spot Trading Bots before this change takes effect.
Removing a spot trading pair from Binance doesn’t impact the accessibility of its tokens. You can continue to trade the base and quote assets of that pair in different pairs offered by Binance.
Other Binance announcements
In another announcement, Binance announced the listing of BNSOL. Open trading for BNSOL/SOL will begin on Oct. 10 at 8:00 a.m. (UTC).
In September, Binance launched BNSOL (Binance SOL Staking), a service that lets users deposit their SOL tokens and receive BNSOL tokens in return, which represent their staked holdings. With BNSOL, users can still benefit from staking rewards while also having the flexibility to trade, lend, or use their assets across various Binance services and decentralized finance (DeFi) platforms outside of Binance.
In other news, Binance has announced that it will perform wallet maintenance for the Tron Network (TRX) on Oct. 10, 2024, at 7:00 a.m. (UTC). Deposits and withdrawals on the Tron Network (TRX) will be temporarily suspended beginning Oct. 10, 2024, at 6:55 a.m. (UTC) and will restart after the maintenance is completed. The maintenance is expected to take around one hour.
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2024-10-09 15:55