Binance Removes BNB & TUSD Spot Pairs, What’s Happening?

Binance, the largest cryptocurrency exchange, has announced the removal of several spot trading pairs as part of its ongoing efforts to ensure user protection and maintain market quality. The delisting affects spot trading pairs involving Binance Coin (BNB) and Justin Sun’s TrueUSD (TUSD) as market currencies.

Binance begins large-scale delisting

The delisting is expected to take effect on March 15, 2024 at 3:00 a.m. UTC. According to the latest information, affected spot trading pairs include ARPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD, and PENDLE/TUSD. announcement. Additionally, Binance cites various factors such as lack of liquidity and trading volume as reasons for removing these pairs.

However, it is important to note that the delisting of these spot trading pairs does not affect the availability of the tokens themselves on Binance Spot. Additionally, users can trade the underlying and quoted assets of these pairs with other trading pairs available on the platform.

Additionally, Binance will simultaneously end the spot trading bot service for the aforementioned spot trading pairs. Users of these bots are strongly encouraged to renew or cancel their services before termination to avoid potential losses.

Also read: Binance, DOGE, SHIB, PEPE, BONK, WIF, FLOKI meme coin fees waived

New spot trading pair

Additionally, Binance has expanded its offering by introducing new trading pairs and trading bot services. This move involves XRP, Dogwifhat (WIF), Floki (FLOKI), Near (NEAR), The Graph (GRT), and Synthetix (SNX). On March 13th at 8am UTC, Binance will begin trading several new pairs including FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY.

These additions are intended to provide users with more trading opportunities and allow them to diversify their investment portfolio by trading popular tokens for fiat currencies. Additionally, Binance is preparing to launch trading bot services for selected trading pairs. Initial deployment includes spot algo orders for FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY.

Additionally, Binance plans to introduce spot grid and spot DCA services for WIF/USDT and XRP/FDUSD pairs. Additionally, CEX announced the launch of a rebalancing bot service specializing in WIF/USDT trading. This move aims to improve the experience of traders by providing automated trading strategies, allowing them to execute trades more efficiently and effectively.

Also read: Binance executive detention amid Nigeria crypto crackdown sparks global concern

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