Binance, the world’s largest Bitcoin and altcoin exchange with daily trading volume, made a new announcement. According to the announcement, the exchange is delisting some trading pairs for 20 altcoins. Here are the details…
Binance announces delisting for altcoin projects
cryptocoin.com As we have also reported, an important statement came from Binance, the world’s largest cryptocurrency exchange. The exchange will gradually delist 21 crypto currency pairs on May 26. Two fiat currencies, the Australian Dollar (AUD) and the Brazilian Real (BRL), are particularly prominent in the announcement. The following pairs will be delisted for the first time on the morning of May 26 at 06:00 CEST:
- APT/BRL
- AMP/BTC
- BEL/ETH
- FIS/BRL
- GAL/ETH
- GMT/BRL
Then, again on May 26, but at 8:00 am, the following couples will be delisted:
- APE/AUD
- AVAX/AUD
- DOT/AUD
- FTM/AUD
- LINK/AUD
- SAND/AUD
- SHIB/AUD
Finally, on May 26, at 09:00 CET, the following pairs are traded:
- GMT/GBP
- JASMY/BTC
- KP3R/BNB
- REI/BNB
- SANTOS/BRL
- STMX/BTC
- XTZ/BNB
Why is the stock market delisting these coins?
Although these trading pairs will be delisted, the cryptocurrencies mentioned above will continue to be available on the exchange. Therefore, users will be able to continue trading these crypto assets with other trading pairs. Binance’s decision to delist these trading pairs is part of its ongoing efforts to optimize and streamline its trading platform. The exchange aims to increase liquidity and trading efficiency for its users by removing certain trading pairs.
Delisting trading pairs does not mean that the delisted cryptocurrencies themselves will be removed from the exchange. These coins will continue to be supported by Binance. Users will be able to buy, sell and hold these tokens. However, they will need to use different trading pairs to execute transactions involving these tokens. Binance says it regularly evaluates the trading pairs available on its platform. It adjusts based on various factors such as liquidity, trading volume and user demand. This periodic review ensures that the exchange maintains a robust and efficient trading environment.
It is important for Binance users to consider the delist program. It is also important that they make the necessary adjustments to their trading strategy or assets. The exchange advises users to cancel their open orders on delisted trading pairs before they are removed from the platform. The cryptocurrency market continues to evolve and mature. At this point, exchanges such as Binance are trying to adapt to the changing dynamics. In addition, the stock market plays an important role in meeting the needs of investors worldwide.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.