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Binance, the world’s largest cryptocurrency exchange by volume, continues its focus on pair cleaning. The crypto exchange has recently announced the removal of pairs for 20 altcoins. Here are the details.
Binance to Remove 20 Pairs for 20 Altcoins
Binance, the giant cryptocurrency exchange, has announced the removal of 20 pairs dominated by BUSD for 20 altcoins as part of its ongoing effort to clean up pairs, especially for BUSD. In the announcement made by the crypto exchange, it was stated that “Binance periodically reviews all listed pairs in spot trading to protect users and ensure the continuation of a high-quality trading market. Due to various factors such as low liquidity and trading volume, some pairs may be removed. Based on our latest reviews, Binance will remove the below pairs listed in spot and suspend trading.”
Accordingly, Binance will first remove the pairs of AUDIO/BUSD, BAT/BUSD, BSW/BUSD, CITY/BUSD, CVX/BUSD, FORTH/BUSD, JUV/BUSD, and MOB/BUSD on September 8, 2023, at 08:00 UTC. Following the removal of these pairs, OGN/BUSD, OMG/BUSD, PLA/BUSD, POLS/BUSD, REI/BUSD, RSR/BUSD, SCRT/BUSD, and TVK/BUSD pairs will be removed at 10:00 UTC on the same day. Also, ADA/BIDR, MATIC/BIDR, UTK/BUSD, and ZIL/BIDR pairs will be removed at 12:00 UTC on the same day.
The removal of a pair in spot does not affect the availability of the related cryptocurrency on Binance. Users can continue to buy and sell these cryptocurrencies using other pairs.
What is a Pair?
A pair represents the value of two different currencies against each other. Especially in the foreign exchange markets, it shows how much one currency is worth in terms of another currency. For example, the USD/TRY pair shows how many Turkish Liras one US dollar is worth.
Pairs also work in the same way in the cryptocurrency market. For example, the AUDIO/BUSD pair shows how many BUSD one AUDIO is worth. Similarly, the ADA/BIDR pair shows how many BIDR one ADA is worth.
