Binance, a leading cryptocurrency exchange, has announced a new development regarding its spot trading pairs. The company regularly reviews its listings to ensure user protection and uphold a high-quality trading environment. As a result of these reviews, Binance will delist certain trading pairs due to factors like low liquidity and trading volume. This decision affects three altcoins.
Which Trading Pairs Will Be Delisted?
According to the announcement, Binance will remove the CFX/TUSD, CHESS/BTC, and ORDI/TUSD spot trading pairs. The delisting is scheduled for May 17, 2024, at 06:00 Turkey time. This move aims to streamline the trading options available on the platform.
What Are the Implications for Users?
Binance clarified that the removal of these trading pairs does not impact the availability of the underlying tokens on Binance Spot. Users will still be able to trade these tokens under different available trading pairs on the platform, ensuring continued access to these assets.
Additionally, Binance emphasized that it will halt the Spot Trading Bots services for the affected pairs on the same date. Users are encouraged to update or cancel their Spot Trading Bots prior to the termination to prevent any potential losses.
Key Actions for Users
– Ensure to cancel or update Spot Trading Bots before May 17, 2024.
– Explore alternative trading pairs for CFX, CHESS, and ORDI on Binance.
– Monitor for further updates from Binance regarding trading pairs and bot services.
In conclusion, Binance continues to refine its trading pair offerings to maintain a robust trading environment. Users are advised to stay informed about these changes and take necessary actions to adapt to the new trading conditions.