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Cryptocurrency exchange Binance has announced the removal of new trading pairs. Accordingly, to protect users and ensure a high-quality trading process, it will remove 7 trading pairs for 7 altcoins.
7 Trading Pairs for 7 Altcoins to Be Removed on January 5th
The major cryptocurrency exchange Binance periodically reviews all listed spot trading pairs to protect its users and ensure the continuity of a high-quality trading experience, removing certain spot trading pairs from time to time due to various factors such as low liquidity and trading volume.
In line with this, the cryptocurrency exchange has recently announced that it will remove 7 trading pairs for 7 altcoins. Accordingly, on January 5th at 06:00 AM UTC, the ANT/BNB, DAR/EUR, HIGH/BNB, HOOK/BNB, LOKA/BNB, RPL/BTC, and XTZ/TRY trading pairs will be removed from the exchange and trading will be halted.
At this point, it’s important to note that the removal of a spot trading pair does not affect the availability of that altcoin on Binance Spot. Users can continue to trade with other spot trading pairs and provide asset quotations in other trading pairs available on Binance. Binance also advises users to update and/or cancel their Spot Trading Bots before the services are stopped to avoid potential losses.
The Implications of Removing a Trading Pair or Pairs for an Altcoin
The removal of a trading pair from Binance means that trading for that pair has been halted and is no longer available on the platform. This situation can occur for various reasons, such as low liquidity for a particular cryptocurrency in that trading pair, security concerns, technical issues, or other causes.
If Binance removes a trading pair, users holding assets in that pair cannot trade in it and must trade their assets in another pair. Cryptocurrency exchanges may add or remove trading pairs over time for various reasons. This decision is made to inform users about potential risks and to ensure the security of the platform.
