Cryptocurrency exchange Binance has announced that it will delist nine altcoin spot trading pairs, effective August 23, 2024 at 03:00 UTC. This decision is the result of the exchange’s ongoing efforts to ensure a high-quality trading environment by evaluating the liquidity and volume thresholds of the listed trading pairs.

Binance removes nine spot trading pairs

According to a Press release According to Binance, the affected spot trading pairs include ARKM/TUSD, CHZ/EUR, ENA/EUR, FIRO/BTC, IOTA/FDUSD, JOE/TRY, OMNI/BNB, REZ/BNB, and SUPER/FDUSD. The exchange is delisting these pairs as part of its routine market quality assessments. This is to protect users and maintain the integrity of the trading environment.

Traders currently using these pairs should adjust their strategies and cancel or update any automated trades to avoid potential losses.

Users affected by the delisting will need to change their trading configurations as bot services for these pairs will also be terminated. Although the delisting will affect specific trading pairs, the individual tokens will not be removed from the platform. This will allow users to trade the base of the spot trading pair and quote assets for other available pairs on Binance.

Current developments in cryptocurrency exchanges

Despite the delisting Binance announced today the launch of new pairs and bot services for popular cryptocurrencies such as DOGE, MATIC, AAVE, NEAR and TON, which is scheduled to begin on August 22, 2024. This initiative aims to improve the trading experience by providing more options and flexibility to the user base.

Over and beyond Crypto exchange reported the listing of Dogs (DOGS) as the 57th project in its launch pool, with trading set to begin on August 26, 2024. The clay-based meme coin will be available in four trading pairs: USDT, BNB, FDUSD, and TRY. This listing will increase community engagement and provide users with new trading opportunities.

Starting August 23, users can stake their BNB and FDUSD to farm DOGS tokens before the official trading launch.

In addition, the CEO of the stock exchange, Richard Teng, recently highlighted Binance was able to protect 1.2 million users from over $2.4 billion in potential losses due to crypto scams.

✓ Share:

Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience. He has worked extensively with various media outlets on cryptocurrency trends and technologies. When he is not analyzing the latest crypto developments, Ronny enjoys the thrill of cycling and exploring new trails and landscapes.

Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Conduct market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.