In a series of significant developments, Binance, the world’s leading cryptocurrency exchange, announced strategic adjustments to its trading pairs, including the delisting of six spot trading pairs and the listing of Jupiter (JUP coin). These moves come as part of Binance’s continuous efforts to optimize its platform and respond to the dynamic environment of the cryptocurrency market. Here are the details…
Binance removes six pairs from spot
Binance, the world’s largest cryptocurrency exchange, officially announced that six trading pairs have been removed from spot transactions. In an announcement made on Wednesday, January 31, Binance announced that it will delist Biswap (BSW), Kava (KAVA), Secret (SCRT), Synthetix (SNX), UniLend Finance (UFT), and Wanchain (WAN) trading pairs. According to the statement, BSW/BNB, KAVA/ETH, SCRT/ETH, SNX/BNB, UFT/ETH and WAN/ETH trading pairs will be removed from spot transactions and transactions will be stopped as of 06:00 on February 2. AM (UTC). Binance emphasized that trading bots associated with these pairs will be disabled simultaneously. However, Binance assured users that they can continue trading these assets on other available trading pairs on the platform.
JUP coin listing attracted attention
In a strategic move to expand its offerings and meet the growing demand for various crypto assets, Binance announced the listing of Jupiter (JUP). However, JUP coin will be listed with the “seed tag”. Trading of the new spot pairs, including JUP/USDT, JUP/FDUSD and JUP/TRY, will begin at 18:30 on January 31, 2024. Binance users can prepare for upcoming trading activities by initiating JUP deposits. Withdrawals for JUP will be enabled as of 18:30 on February 1, 2024. Notably, Binance has strengthened its commitment to providing accessible trading opportunities to its user base by deciding to set the JUP listing fee at 0 BNB.
Jupiter; Solana has DEX Aggregation, Limit Orders, DCA (Dollar-Cost Averaging), Bridge Comparator, Perpetual Trading, etc. It is a DeFi protocol that offers a number of features such as. JUP is a relatively new token that carries higher than normal risk. It will therefore likely be subject to high price fluctuations, according to the exchange’s statement. Seed Tag represents an innovative project that may exhibit higher volatility and risks compared to other listed tokens. The Seed Tag will be applied to JUP.
ETC transactions will be suspended for a short time
Starting approximately February 4, 2024 at 16:00 UTC, Binance will temporarily suspend token deposits and withdrawals on the Ethereum Classic (ETC) network. The purpose of this suspension is to support the network upgrade scheduled to occur at block height 19,250,000 or at 16:50 UTC on February 4, 2024. It is important to note that token trading on the Ethereum Classic network will not be affected during this period. Binance will manage all technical requirements for users, and once the upgraded network becomes stable, deposits and withdrawals will resume without further announcement.
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For the rest of the article, Binance Lists JUP Coin: There is a Delist for These 6 Altcoins!