In a move to streamline its trading platform and provide a better experience for its traders, Binance, a leading global cryptocurrency exchange, has declared the removal of two specific spot trading pairs. The GNS/BTC and XVG/TUSD pairs will no longer be available on the exchange as of March 29, early in the morning. This decision aims to refine the trading environment by eliminating pairs with suboptimal performance in terms of liquidity and volume.
Delisting Based on Performance Metrics
This adjustment is the outcome of Binance’s routine assessment, which scrutinizes various aspects, such as trading dynamics and the liquidity of assets. By discontinuing these pairs, Binance enhances the overall trading efficacy for its users, focusing on pairs that demonstrate stronger activity and stability.
Traders holding positions in the affected coins need not worry about the availability of Gains Network (GNS) and Verge (XVG) on Binance. These cryptocurrencies will remain accessible for trading through other pairings offered on the platform, thus ensuring continuous trading activities for the involved digital assets.
Ending Spot Trading Bot Services
Concurrently with the delisting of the two pairs, Binance will also terminate the Spot Trading Bot service for these specific combinations. Traders utilizing these services must take necessary actions, such as cancelling or modifying their bot settings, to evade any unwanted financial outcomes due to the service cessation.
The practice of removing less active trading pairs is common among cryptocurrency exchanges as it safeguards the platform’s quality and performance. This strategic maneuver allows exchanges to focus resources on maintaining pairs that better serve their customer base and align with market demands.