In a recent announcement, Binance, one of the world’s leading cryptocurrency exchanges, announced its decision to discontinue Spot Trading Bots services for several trading pairs. This change is planned to come into force on September 29, 2023, at 05:00 CET. Here are the details…
Binance is discontinuing its trading bot service for these altcoin projects
As we reported as Kriptokoin.com, Binance, the largest crypto exchange, made statements. According to the statement, spot trading bot services for 57 parities will stop on September 29. The affected trading pairs are:
- AAVE/BNB
- AERGO/BUSD
- AGLD/BTC
- ALCX/BTC
- ALGO/BNB
- ALGO/ETH
- ALPACA/BTC
- ALPHA/BTC
- BAL/BTC
- BICO/BUSD
- BNT/BTC
- BNX/BNB
- BNX/BUSD
- C98/BTC
- CHESS/BUSD
- CLV/BUSD
- COS/BNB
- CRV/ETH
- CTK/BNB
- CTK/BTC
- DAR/BUSD
- DEGO/BTC
- DEXE/BUSD
- DIA/BUSD
- FIL/BNB
- FIS/BUSD
- FXS/BTC
- GLM/BTC
- GTC/BUSD
- HARD/BUSD
- HIGH/BNB
- ICX/BTC
- ILV/BTC
- IOST/BUSD
- KDA/BTC
- LOKA/BUSD
- LTO/BUSD
- MBOX/BTC
- MINA/BTC
- NEO/BNB
- OCEAN/BNB
- OM/BUSD
- PHA/BTC
- POWR/BTC
- QI/BUSD
- QTUM/BTC
- RAD/BTC
- RPL/BTC
- SAND/BNB
- SUSHI/BNB
- SXP/BNB
- TLM/BUSD
- WAXP/BUSD
- WTC/BTC
- ZEN/BTC
- ZIL/BNB
- ZRX/BTC
What does this news mean?
Although this news creates concern among users trading in these pairs with Spot Trading Bots, Binance emphasizes that users can continue to trade these assets using Spot Trading Bots in other trading pairs available on the platform. As part of the transition process, Binance will automatically cancel all pending grid orders for the above-mentioned spot trading pairs at the specified time (September 29, 2023, 05:00 UTC). Additionally, Spot Trading Bot services for these pairs will be disabled in accordance with Binance’s terms and conditions, including Binance Terms of Use.
To minimize possible losses, users are strongly advised to close or cancel their respective Spot Trading Bots before discontinuation of services for affected pairs. It is important to note that Binance will not accept liability for any losses incurred due to discontinuation of Spot Trading Bots services. This development reflects Binance’s ongoing efforts to optimize its services and offerings and ensure users have access to a safe and efficient trading environment. As the cryptocurrency industry continues to evolve, Binance remains at the forefront of adapting to meet the changing needs of its user base.
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