Binance Will Restrict Trading For 3 Cryptocurrencies

It is the world’s largest stock market with its trading volume and the number of cryptocurrencies it covers. Binance, recently released a new announcement. In this announcement, it was announced that some parities of the three cryptocurrencies that are actively used will be stopped. However, this is a delisting, that is, from the stock market. There is no decision to completely remove let me specify.

Binance, in fact, often does this kind of work. The reason why the stock market took such a decision is generally low trading volumes appears as. No clear explanation has been given on this matter, but it seems that this is the reason for the final decision. Well Binance, in which cryptocurrencies Which pairs did it cancel? Let’s take a quick look at the answer to this question.

The pairs that Binance has stopped are as follows

• GNO/BUSD (including margin transactions)
• WNXM/BTC (including margin transactions)
• WABI/BNB (Spot transactions only)

The announcement released by the company concerns investors from Gnosis (GNO), Wrapped NXM (WNXM) and Wabi (WABI). According to Binance’s statement, if you have a transaction order for one or more of the cryptocurrencies we have just mentioned, you can choose the margin of these transaction orders. March 16while the spot ones until 18 March needs to be closed. Otherwise, transactions will be closed automatically. In such a case, the investor potentially damaging must not be forgotten.

Binance’s decision applies only to the trading pairs mentioned. For example, an investor holding WABI may use this cryptocurrency as Binance Coin (BNB) as of the coming days. will not sell. Instead, only the WABI/BTC parity will need to be used. Similarly, users who want to sell GNOs will need to sell BTC or USDT instead of BUSD. Decision taken, cryptocurrencies a depreciating not the case.

This content cannot be considered as investment advice.