In a recent announcement, Binance reported that 10 altcoins will delist Australian Dollar (AUD) trading pairs.
Listed on BTC, DOGE, GALA and MATIC
Binance recently announced in a new announcement that it will delist 10 altcoins traded in Australian Dollar (AUD) spot pairs. Transactions will end on June 1 at 09:00. Here is the list of altcoins that will be closed for trading in the AUD pair, according to the official announcement:
- Binance USD (BUSD)
- Tether (USDT)
- Ethereum (ETH)
- Ripple (XRP)
- Binance Coin (BNB)
- Cardano (ADA)
- Dogecoin (DOGE)
- Left (LEFT)
- Polygon (MATIC)
- Gala (GALA)
- and Bitcoin (BTC)
As you follow on Kriptokoin.com, Binance announced today that it will terminate the 1000SHIBBUSD contract on June 1 at 12:00.
Binance is delisting these altcoins collectively in AUD pair
Spot trading pairs that will be affected by the latest announcement include ADA/AUD, AUD/BUSD, AUD/USDT, BNB/AUD, BTC/AUD, DOGE/AUD, ETH/AUD, GALA/AUD, MATIC/AUD, SOL/AUD and XRP/ Includes AUD.
Additionally, Binance previously announced the removal of other trading pairs such as APE/AUD, AVAX/AUD, AXS/AUD, DOT/AUD, FTM/AUD, LINK/AUD, SAND/AUD, and SHIB/AUD.
Pay attention to these
Binance has stated that it will terminate its Trading Bots services for these trading pairs. Users using trading bots for these particular pairs need to update or cancel their trading bots before the service ends. In this way, users can avoid potential losses due to the discontinuation of Trading Bots services.
The termination of Trading Bots services comes after recent problems faced by Binance’s Australia operation. Prior to the final announcement, Binance announced that it will no longer process PayID Australian Dollar deposits for its users. The decision comes after third-party payment service provider Cuscal stopped serving the platform.
Adding to the complications, Westpac, Australia’s oldest bank, later imposed a ban on cryptocurrency transactions on certain exchanges. Some industry experts say Binance is among the affected exchanges. Increasing scrutiny from financial and regulatory agencies in Australia has raised concerns for Binance about compliance with local regulations.
In fact, the Australian Securities and Investment Commission (ASIC) has launched an investigation into Binance’s compliance practices. The exchange voluntarily revoked its derivatives license with the financial regulator in April.
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