Binance to Remove BNB & TUSD Spot Trading Pairs: Company Announces
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Binance has recently begun the process of delisting several spot trading pairs that involve BNB and TUSD as quote currencies.
Binance, the leading cryptocurrency exchange, has declared the removal of numerous spot trading pairs as part of its continuous endeavors to safeguard users and uphold market integrity.
This delisting pertains to spot trading pairs involving Binance Coin (BNB) and Justin Sun’s TrueUSD (TUSD) as quote currencies.
Binance Begins Significant Delisting Effort
The delisting, slated for March 15, 2024, at 03:00 a.m. UTC, will affect spot trading pairs such as ARPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD, and PENDLE/TUSD, as per the latest announcement.
The company cited reasons such as inadequate liquidity and trading volume for this action. However, it’s essential to emphasize that the delisting won’t impact the availability of the tokens themselves on Binance Spot.
Furthermore, users can still trade the base and quote assets of these pairs on other available trading pairs on the platform. Moreover, Binance will discontinue Spot Trading Bots services for the mentioned spot trading pairs simultaneously.
Users utilizing these bots are strongly urged to update or cancel their services before the termination to prevent potential losses.
Announcement of Additional Spot Trading Pairs
Additionally, Binance has unveiled new trading pairs and trading bot services, broadening its offerings. The expansion involves XRP, Dogwifhat (WIF), Floki (FLOKI), Near (NEAR), The Graph (GRT), and Synthetix (SNX). At 08:00 a.m. UTC on March 13, it will initiate trading for several new pairs, including FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY.
These additions are aimed at providing users with more trading opportunities, enabling them to diversify their investment portfolios by trading popular tokens against fiat currencies.
Furthermore, Binance is preparing to introduce Trading Bots services for selected trading pairs, starting with Spot Algo Orders for FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY.
Also, Binance intends to roll out Spot Grid and Spot DCA Services for WIF/USDT and XRP/FDUSD pairs.
Additionally, the exchange announced the launch of Rebalancing Bot services tailored specifically for WIF/USDT trading. This initiative is designed to enhance the trader experience by providing automated trading strategies, allowing for more efficient and effective trade execution.
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