Binance, the world’s largest cryptocurrency platform, announced that it will remove five cryptocurrency trading pairs. So what does this mean for investors?
Binance, where billions of dollars of crypto money transactions are made every day, shared a new news today that closely concerns investors. The exchange, which from time to time stops listing some trading pairs and cryptocurrencies for various reasons, 5 trading pairs will be removed explained.
According to the statement shared by Binance, these five trading pairs are CHESS/BNB, DYDX/ETH, FARM/ETH, LINA/BNB and SHIB/UAH. over the trading pairs in question. As of April 21, 2022 no action will be taken. So what will investors do?
What will investors do?
Removing trading pairs on Binance does not mean that these cryptocurrencies have been removed from the platform. Until the last trading pair is removed, users will be able to continue trading with the said units on different trading pairs. Therefore, this announcement traders who only want to trade with these trading pairs will prevent.
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Since the beginning of March, Binance has closed trading on more than 20 trading pairs and added over 40 new trading pairs in a 6-week period. Decisions to remove trading pairs are usually based on the volume of trades made on these pairs. due to very little or from technical glitches originates.