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As one of the world’s largest cryptocurrency exchanges, Binance continues its mission to provide a safe, efficient, and high-quality trading environment for its users. In line with this mission, the platform regularly reviews its trading pairs and market conditions. Binance has announced that it will delist four spot trading pairs on October 4, 2024.
Why Is Binance Delisting Certain Trading Pairs?
In the crypto world, liquidity refers to how easily an asset can be bought or sold. The more liquid an asset is, the higher the trading volume and the lower the price fluctuations. However, some trading pairs may experience low trading volume and liquidity over time. This can negatively impact market participants and pose risks to maintaining a high-quality trading environment.
To maintain market quality, Binance periodically reviews all spot trading pairs. After its latest evaluation, Binance has decided to delist the following pairs: ACE/FDUSD, FIL/BNB, OP/BNB, and TRB/FDUSD.
What Are the Delisted Trading Pairs?
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On October 4, 2024, at 06:00 UTC, Binance will remove the ACE/FDUSD, FIL/BNB, OP/BNB, and TRB/FDUSD spot trading pairs from its platform. After this removal, users will no longer be able to trade these specific pairs. However, this does not mean the tokens themselves will be removed from the platform. Users can continue trading these tokens through other available pairs on Binance Spot. For example, a user trading the FIL/BNB pair can shift to another trading pair for FIL.
Additionally, Binance will discontinue the Spot Trading Bots associated with these pairs. Users utilizing trading bots for these pairs must update or cancel their bots before the delisting to avoid potential losses.
Binance’s Commitment to Market Quality
Binance consistently monitors liquidity and trading volume to ensure the safest and most efficient trading environment for its users. The decision to delist these trading pairs stems from their low performance in terms of liquidity and trading activity, impacting market quality. The delisting decision is based not only on liquidity but also on various factors ensuring that all assets on the platform remain valuable and secure for users.
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