Binance, one of the leading cryptocurrency exchanges, came to the fore with another delist news. The exchange said it recently reviewed the listed spot trading pairs in an effort to protect users and maintain a high-quality trading environment. As a result of this evaluation, the exchange decided to delist several trading pairs due to various factors, including poor liquidity and trading volume. Here are the details…
Binance shared a new delist announcement
As we reported as Kriptokoin.com, Binance, which made many announcements about delisting this morning, seems to have not slowed down. Because, according to its latest announcement, the exchange will remove 19 trading pairs from the spot market. According to Binance’s official announcement, the delisting of these spot trading pairs will go into effect on October 6, 2023 at different times. A list of the spot trading pairs in question is as follows:
They will be delisted on October 6, 2023 at 08:00 CET:
- 1INCH/BUSD
- AERGO/BUSD
- ANKR/BUSD
- DATA/BUSD
- DIA/BUSD
- ERN/BUSD
- IOST/BUSD
- KP3R/BUSD
- LOKA/BUSD
- LRC/BUSD
They will be delist again on October 6, 2023 at 10:00 CET:
- LTO/BUSD
- MDX/BUSD
- OM/BUSD
- POLYX/BUSD
- RARE/BUSD
- SLP/BUSD
- SUSHI/BUSD
- THETA/BUSD
- YFI/BUSD
What do delists mean?
It is important to note that delisting these trading pairs will not affect the availability of the tokens on Binance. Users will continue to have the opportunity to buy and sell the base and quote assets of these trading pairs on other trading pairs offered by Binance. In addition, Binance will discontinue its Spot Trading Bots services for the above-mentioned spot trading pairs. This will take place on October 6 at 08:00 CET and October 6 at 10:00 CEST, where applicable. Users using these services are strongly advised to update or cancel their Spot Trading Bots before the services are discontinued to avoid possible losses.
As part of the transition process, Binance is encouraging users to convert their BUSD (Binance USD) holdings into other existing assets on the platform before February 2024. Users have the option to exchange their BUSD balance for FDUSD at zero trading fees or convert their BUSD balance to FDUSD at a 1:1 ratio using the provided conversion portal. This announcement signals Binance’s choice to provide its users with a safe and efficient trading environment. It also reflects its commitment to providing ample opportunities for users to continue trading their preferred assets. Stay tuned for updates from Binance regarding these delistings and service terminations!
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