The world’s largest crypto exchange BinanceSome purchase and sale in pairs announced that it will change. The crypto platform announced that as of January 28, it will remove 5 more trading pairs to be valid on the platform. This came after the crypto exchange platform removed a total of 10 trading pairs earlier this month.
Announcing the new decision in a written statement in Binance, the team said that despite the removal of the assets of the trading pairs, it will not victimize investors who want to use it. The exchange emphasized that holders of these tokens can trade with other existing pairs on the platform.
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Trading pairs removed from Binance
big stock markets to “illiquid” trading pairs when it starts to give place, it starts to remove these pairs from their platforms. When the stock markets get stuck with too many illiquid trading pairs, they may get stuck and the desired money flow may not be achieved. Binance’s new decision is an indication that these are infrequently used pairs.
According to the statement from Binance, Latest trading pairs discontinued on Binance in that:
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HEGIC/ETH
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KSM/AUD
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MFT/BNB
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SXP/AUD
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XEM/BUSD
Binance will remove and stop trading on the following trading pairs at 2022-01-28 03:00 AM (UTC): HEGIC/ETH, KSM/AUD, MFT/BNB, SXP/AUD, XEM/BUSD
Please note: Users can still trade the above assets on other trading pairs available on Binance.
Risk warning: Cryptocurrency trading is subject to high market risk. Please do your transactions carefully. You are advised that Binance is not responsible for your trading losses. Thanks for your support!
Idle pairs are generally not traded often. in altcoins it is lived. The drop in trading volume for these pairs could also be a sign of the crypto market meltdown. For example, earlier this month, Bitfinex delisted a total of 87 trading pairs, citing low liquidity as the main reason.