Binance Limits Trading For 3 Cryptocurrencies

One of the world’s largest cryptocurrency exchanges Binanceannounced that it has taken a new decision regarding 3 cryptocurrencies. In the statements made on the subject; Bonfida (FIDA), Firo (FIRO) and Quantstamp (QSP) cryptocurrencies As of February 17 It is stated that it cannot be used in some conversions. This is important for investors who trade with these cryptocurrencies. Platform, in the past weeks He also announced that he had made similar decisions.

According to Binance’s statement, Binance Coin (BNB) transactions with FIDA, Ethereum transactions with FIRO and QSP can no longer be done. Investors must either complete their transactions in the aforementioned parities before February 17th or complete these transactions. they will have to cancel. So why does Binance do such things from time to time?

Although nothing has been said clearly, low volume can cause such decisions.

in cryptocurrencies stopping some processes, is not a situation where investors are strangers. Although Binance has not said anything clear about this, the biggest reason for such decisions is low volume We can say it is. When there are not many trades and orders are piling up, Binance is able to complete transactions faster. can make such decisions..

Important note to readers:

Here is something you need to pay attention to. Binance’s decision to suspend is due to the aforementioned FIDA, FIRO and QSP. Doesn’t mean stock market listing has been stopped. It will not be possible to trade only between certain pairs. This situation affecting prices or worrying investors. not a situation. For example, as of February 17, FIDA will not be able to be traded with BNB. However, you will still be able to sell this cryptocurrency as BTC, USDT and BUSD. Binance’s decision is just that…

This content cannot be considered as investment advice.