Binance regularly reviews its spot trading pairs to ensure user protection and a high-quality trading environment. Following recent assessments, the exchange announced the removal of certain trading pairs due to factors such as low liquidity and trading volume. Consequently, the HOOK/BTC and PDA/BTC trading pairs will be removed from the Binance platform on September 27, 2024, at 06:00 TSI.
Removal of HOOK/BTC and PDA/BTC Trading Pairs
Binance evaluates all spot trading pairs periodically and removes those with low liquidity and trading volumes. The exchange has recently confirmed the removal of the HOOK/BTC and PDA/BTC trading pairs.
After the removal, users will no longer be able to trade these pairs, but this action will not affect the availability of Hooked Protocol (HOOK) and PlayDapp (PDA) on Binance Spot. Users can continue to buy and sell these altcoins using other trading pairs.
Attention to Spot Trading Bots
Binance also announced that the Spot Trading Bot service for the affected pairs will be halted at the same time. Users are advised to update their Spot Trading Bots or cancel any open orders related to these trading pairs before this date to avoid potential losses. Users who do not stop their trading bots may experience a loss of funds.
The cryptocurrency exchange emphasized its commitment to providing a secure and high-quality trading environment for its users. The removal of trading pairs will not hinder users’ access to and trading capabilities of the respective altcoins. Accordingly, users can continue trading HOOK and PDA through alternative trading pairs.
As of the time of reporting, HOOK trades at $0.4817, up by 0.48% in the last 24 hours, while PDA trades at $0.05107, reflecting a 0.26% increase during the same period.
