Binance, one of the leading cryptocurrency exchanges, has announced the removal of several spot trading pairs from its platform, effective July 26, 2024. The decision follows periodic reviews aimed at protecting users and maintaining a high-quality trading market, according to an official announcement from Binance.

Reasons for Delisting

The delisting decision is primarily driven by poor liquidity and trading volume of the affected pairs. Binance conducts regular assessments of its listed trading pairs to ensure they meet the platform’s standards. Spot trading pairs that fail to meet these criteria are subject to removal.

Impact on Users

Users who utilize Spot Trading Bots for the affected pairs should take note that Binance will terminate these services at 03:00 (UTC) on July 26, 2024. It is strongly advised that users update or cancel their Spot Trading Bots before the cessation to avoid any potential losses.

Important Considerations

Binance has emphasized that there may be discrepancies in translated versions of the announcement. Users are encouraged to refer to the original English version for the most accurate information where any discrepancies may arise.

Additionally, the platform reserves the right to amend or cancel the announcement at any time without prior notice. Users are advised to stay updated on any changes that may occur.

Disclaimer

Binance has issued a disclaimer regarding the inherent risks associated with digital asset trading. The prices of digital assets are subject to high market risk and price volatility. Users should carefully consider their investment experience, financial situation, and risk tolerance before engaging in trading activities. Binance is not liable for any losses that may occur, and users are responsible for their investment decisions.

For more detailed information, users can review Binance’s Terms of Use and Risk Warning.

Image source: Shutterstock