Binance, where billions of dollars of crypto money transactions are made every day, shared a new news today that closely concerns investors. The exchange, which stopped listing some trading pairs and cryptocurrencies from time to time for various reasons, announced that 5 trading pairs would be removed.
According to the statement shared by Binance, these five trading pairs are CHESS/BNB, DYDX/ETH, FARM/ETH, LINA/BNB and SHIB/UAH. As of April 21, 2022, no transactions can be made on these trading pairs. So what will investors do?
What will investors do?
Removed trading pairs on Binance does not mean that these cryptocurrencies have been removed from the platform. Until the last trading pair is removed, users will be able to continue trading with the said units on different trading pairs. So this announcement will block traders who only want to trade with these trading pairs.
Since the beginning of March, Binance has concluded trading on more than 20 trading pairs in a 6-week period, while incorporating over 40 new trading pairs. Decisions to remove trading pairs are usually due to very low volumes of trades made on these pairs or due to technical glitches.
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