With its enormous trading volume, Binance, one of the world’s largest cryptocurrency exchanges, announced that it will remove four spot trading pairs and cease operations for them. The removal of these spot trading pairs will not affect the availability of the base and quote assets in Binance Spot.
4 Trading Pairs to be Removed
In its announcement, Binance stated that the trading pairs BAND/TRY, LSK/ETH, NTRN/BTC, and PROM/BTC will be removed on September 13, 2024, at 06:00 TSİ. This decision was made following routine market reviews conducted by Binance to maintain a high-quality trading environment for its users. Contributing factors to the removal of these trading pairs include weak liquidity and low trading volume.
The removal of these spot trading pairs will not affect the availability of individual cryptocurrencies in Binance Spot. Users will continue to access the base and quote assets of these trading pairs through other available trading pairs on the exchange. Direct trading will no longer be possible for specific pairs like BAND/TRY or LSK/ETH.
In addition to removing these trading pairs, Binance also announced that it will terminate the Spot Trading Bots services for these pairs. Users who utilize these bots are advised to update or cancel them before the service is abruptly stopped to avoid potential losses.
Binance Regularly Conducts Periodic Updates on Its Platform
Binance’s periodic reviews on its platform aim to preserve the most optimal trading environment and protect user interests. The de-listings resulting from these reviews are based on various criteria such as liquidity, trading volumes, regulatory compliance, and overall project performance. When a trading pair no longer meets Binance’s stringent standards, it is removed to maintain market integrity and efficiency.
For users affected by this change, Binance recommends checking the platform’s list of available trading pairs to continue trading with the related assets through other means.
