The Binance team has publicized the delisting of several trading pairs from their platform through an official blog post. The action is aimed at safeguarding users and ensuring the quality of the trading environment. Factors leading to the removal of pairs include poor liquidity and trading volume, which can impact the exchange’s performance.
Binance Takes Notable Action
Effective from February 2nd, Binance will cease trading for pairs such as BSW/BNB, KAVA/ETH, SCRT/ETH, SNX/BNB, UFT/ETH, and WAN/ETH. Alongside the halt in spot trading for these pairs, the exchange will also discontinue spot trading bot services.
The Binance team advises users to update or cancel their Spot Trading Bots services to avoid potential losses ahead of the service discontinuation. Despite the removal of these pairs, users retain the ability to trade their assets on Binance Spot using alternative pairs.
Binance conducts regular reviews of spot trading pairs and removes those that exhibit low liquidity or trading volume, as part of their commitment to maintain a high-quality trading platform.
For more information on the delisted trading pairs and the implications for traders, visit the original announcement on the Binance blog.