Binance, the world’s leading cryptocurrency exchange, has announced that it will delist several spot trading pairs on October 13, 2023. The decision to remove these pairs, including BEL/BUSD and DOT/GBP, is based on factors such as low liquidity and trading volume. Binance will also terminate its Spot Trading Bots services for these pairs. Users are advised to update or cancel their bots before the designated times to avoid any financial setbacks. However, the tokens involved will still be available on the Binance Spot platform, and traders can continue trading using other available pairs. Binance is also encouraging users to transition their BUSD assets into other viable assets on the platform before February 2024. To facilitate this transition, Binance offers fee-free trading alternatives and a direct 1:1 conversion through a specified portal. This move by Binance is part of its ongoing efforts to maintain a high-quality trading market and protect user interests. The exchange has previously delisted other trading pairs and made strategic shifts, such as discontinuing trading against the U.S. dollar on its U.S.-based branch. Overall, Binance aims to prioritize user ease and maintain the integrity of its platform.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | FINRA, SEC, CySEC, Binance, FCA |
| Currencies | BUSD, Solana, Polygon, Polkadot, Cardano |
| Securities | None |
