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Leading cryptocurrency exchange Binance has announced that it will remove five spot trading pairs following periodic reviews aimed at protecting user security and maintaining the integrity of trading on its platform. The trading pairs in question will be removed and closed for trading on March 15, 2024.
Five Trading Pairs to Be Removed from Binance
The major cryptocurrency exchange Binance has announced that it will remove the trading pairs ARPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD, and PENDLE/TUSD at 06:00 AM local time on March 15, 2024, due to various factors such as low liquidity and trading volume. This decision is part of Binance’s commitment to maintaining an active trading environment with liquid assets and providing a high-quality trading experience for its users.
It should be noted that although these spot trading pairs will be removed from the list, the availability of the related altcoins on Binance Spot will not be affected. Users will be able to continue buying and selling the base and quote assets of the delisted trading pairs through other trading pairs available on the cryptocurrency exchange.
Additionally, Binance has also stated that it will terminate the services for Spot Trading Bots for these spot trading pairs on the same day. The cryptocurrency exchange advises users who utilize this service to update or cancel their Spot Trading Bots before the termination to avoid potential losses.
A Standard Practice for Exchanges
The delisting of spot trading pairs is a standard practice used by cryptocurrency exchanges like Binance to maintain market efficiency and protect the interests of their users. Cryptocurrency exchanges periodically review trading pairs with insufficient liquidity or trading activity and remove them, thus aiming to provide a smooth trading experience for their users.
Binance encourages its users to be informed about such delisting announcements and to take appropriate steps such as adjusting their trading strategies or, if necessary, switching to alternative trading pairs. This approach helps users avoid disruptions in their trading activities and adapt to changes in the cryptocurrency market.
