Binance, the world’s largest cryptocurrency exchange by volume, is set to remove 10 trading pairs involving 9 altcoins in an effort to protect users and maintain high-quality trading experiences. The affected altcoins include APE, ARPA, BETA, CVX, ENS, EOS, ETC, KAVA, and PAXG.
The exchange announced that trading pairs APE/BNB, APE/EUR, ARPA/ETH, BETA/ETH, CVX/BTC, ENS/BNB, EOS/EUR, ETC/EUR, KAVA/BNB, and PAXG/BNB will be removed on December 29th at 05:00 AM UTC. However, trading for these altcoins will continue on other available pairs.
It is important to note that the removal of a spot trading pair for an altcoin does not affect its availability on Binance Spot. Users can still trade these altcoins using other spot trading pairs.
In addition to the trading pair removals, Binance is also discontinuing its Spot Trading Bot service for these pairs at the same date and time. The exchange advises users to stop, update, or cancel their Spot Trading Bots before the pairs are removed to avoid potential losses.
Binance’s Spot Trading Bot service is a tool that allows for automatic trading in the spot market for Bitcoin and altcoins. These bots execute specific trading strategies automatically, helping users to potentially profit without the influence of human emotions or psychology.
The decision to remove these pairs and discontinue the bot service reflects Binance’s commitment to providing a secure and quality trading environment, urging users to take the necessary actions to adapt to these changes.