Cryptocurrency exchange Binance has notified the removal of seven trading pairs involving seven altcoins in an effort to protect its users and ensure a high-quality trading experience. This decision comes as part of Binance’s periodic review of all listed spot trading pairs, where factors such as low liquidity and trading volume may lead to the delisting of certain pairs.
The exchange announced that on January 5th, at 06:00 AM (UTC), the trading pairs ANT/BNB, DAR/EUR, HIGH/BNB, HOOK/BNB, LOKA/BNB, RPL/BTC, and XTZ/TRY will be removed from the platform, halting all trading activities for these pairs.
It’s important to note that the removal of a spot trading pair from the list does not affect the availability of the altcoin on Binance Spot. Users can continue to trade using other spot trading pairs and provide asset quotations in other trading pairs available on Binance.
Binance also advised users to update or cancel their Spot Trading Bots before the services are suspended to avoid potential losses. The delisting of a trading pair means that trading for that pair is stopped and it is no longer available on the platform.
When Binance removes a trading pair, users holding assets in that pair can no longer trade them and must use other trading pairs to buy or sell their assets. Cryptocurrency exchanges may add or remove trading pairs over time for various reasons, including informing users about potential risks and ensuring the security of the platform.
The removal of trading pairs can occur due to low liquidity in a specific cryptocurrency pair, security concerns, technical issues, or other reasons. Users affected by the delisting need to switch to alternative trading pairs to manage their assets.