Cryptocurrency exchange Binance has decided to remove certain trading pairs from its platform due to liquidity issues and low trading volumes. According to the announcement, the trading pairs ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC will be removed on October 25, 2024. After this date, users will be unable to conduct trades in these pairs.
Four Trading Pairs Eliminated from Binance
Binance emphasized that it conducts regular reviews to protect its users and enhance the quality of trading in the market. Recent evaluations identified four trading pairs with low trading volumes and liquidity.
As of October 25, 2024, at 06:00 UTC, trading in ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC will cease. However, users can continue to buy and sell the cryptocurrencies in these pairs through other active pairs on Binance. For example, cryptocurrencies like ALGO and DGB will still be traded in other popular pairs.
Attention to Trading Bots
Binance also announced that trading bots linked to these trading pairs will be disabled on the same date. Users are advised to update or deactivate their trading bots to avoid potential losses.
While warning users about bot trading precautions, Binance highlighted that trading will continue through other pairs on its platform. This move is viewed as one of the measures taken by Binance to maintain market health.
The changes at Binance aim to create a healthier trading environment by targeting trading pairs with low volume and liquidity.
