Leading cryptocurrency exchange Binance has announced that it will remove dozens of trading pairs from its Spot Trading Bots Service and suspend trading in these pairs.
Binance, the world’s largest cryptocurrency exchange, stated in a recent announcement that dozens of trading pairs will be removed from its Spot Trading Bots Service on September 29th at 05:00 (GMT).
According to the announcement, Binance will remove the following trading pairs from its Spot Trading Bots Service: 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, KUM/BNB, SUSHI/BNB, SXP/BNB, TLM/BUSD, WAXP/BUSD, WTC/BTC, ZEN/BTC, ZIL/BNB, and ZRX/BTC.
In the cryptocurrency market, a trading pair refers to the value of one cryptocurrency against another cryptocurrency or traditional fiat currency. Unlike traditional forex markets, cryptocurrencies are often traded against each other or major cryptocurrencies like Bitcoin.
For example, the BTC/USD trading pair represents the value of Bitcoin against the US dollar. In this trading pair, BTC represents Bitcoin, and USD represents the US dollar. This trading pair indicates the price of Bitcoin in dollars. If the price in the BTC/USD pair is 40,000, it means that 1 Bitcoin is worth 40,000 US dollars.
Cryptocurrency exchanges offer many different cryptocurrency trading pairs. Users can trade between cryptocurrencies through these pairs. Additionally, some exchanges may also have trading pairs between cryptocurrencies and other assets, such as the ETH/BTC (Ethereum/Bitcoin) trading pair. These trading pairs help measure the value of cryptocurrencies against each other.
Due to the high volatility of the cryptocurrency market, prices of cryptocurrency trading pairs can change rapidly. Therefore, it is important to be cautious and closely monitor market movements when engaging in cryptocurrency trading.