Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, made a new announcement. In particular, three altcoins were included in Binance’s announcements. Here are the details…
Binance has announced for these altcoin projects
Binance, one of the world’s leading cryptocurrency exchanges, recently stated that it will remove trading on several spot trading pairs. The delist transaction will go into effect at 06:00 on May 18, 2023 and will affect the following spot trading pairs: FTM/BRL, JASMY/EUR and WRX/BTC. The decision to remove these spot trading pairs was made as part of Binance’s ongoing efforts to optimize their trading offerings and streamline their services. While these particular trading pairs will no longer be available for spot trading, users will still be able to trade the assets associated with these pairs on other trading pairs available on the Binance platform.
It is important to note that Binance will also terminate its strategy trading services for the above-mentioned spot trading pairs at 06:00 on May 18, 2023. Strategy trading allows users to automate their trading activities according to predefined strategies. Users with active trading strategies that include FTM/BRL, JASMY/EUR, or WRX/BTC are strongly advised to update or cancel their strategy prior to the termination of strategy trading services to avoid potential losses.
How have prices been affected?
So, how were Fantom (FTM), JasmyCoin (JASMY) and WazirX (WRX) affected by this delist news? Currently, all three coins are moving sideways, according to CoinMarketCap data. WRX is down 1 percent, JASMY 2 percent and FTM 1.9 percent.
What is the reason for Delist?
Binance states that this is inconvenience for some users. However, the decision to remove these trading pairs is based on careful consideration of factors such as liquidity, market demand and overall trading volume. Binance aims to improve the trading experience of its users and optimize the performance of the platform by removing less popular trading pairs.
Binance has expressed at every opportunity that it is committed to providing a diverse and robust trading environment. The exchange continues to offer new trading pairs based on market trends and user demand. As we have reported as Kriptokoin.com, Binance regularly reviews its offers. Users are encouraged to follow Binance’s official announcements and blog posts for other updates or changes to the platform’s trading pairs and services.
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