Binance, the giant of the cryptocurrency world, announced that it will remove 23 different trading altcoin pairs from spot transactions. According to the announcement made in an official statement on Wednesday, November 8, this change will take place on November 10. Here are the details:
Trading Pairs to be Delisted
Binance, Akropolis (AKRO), Bounce (ACTION), Band Protocol (BAND), BinaryX (BNX), Cartesi (CTSI), PowerPool (CVP), Dusk (DUSK), MultiversX (EGLD), Frax Share (FXS), Pound Sterling (GBP), Green Metaverse Token (GMT), Hedera Hashgraph (HBAR), Highstreet (HIGH), Linear (LINA), Litentry (LIT), Pax Gold (PAXG), Prometeus (PROM), Prosper (PROS), Solar It will delist 23 trading pairs of altcoin assets VIDT DAO (VIDT), Waves (WAVES), eCash (XEC) and Venus (XVS).
Timing
The removal of these trading pairs will occur in two stages. The first stage will be held on November 10 at 06.00, AKRO/BUSD, AUCTION/BUSD, BAND/BUSD, BNX/BUSD, CTSI/BUSD, CVP/BUSD, DUSK/BUSD, EGLD/BUSD, FXS/BUSD, GBP/BUSD, It will include GMT/BUSD, HBAR/BUSD altcoin pairs. The second stage is HIGH/BUSD, LINA/BUSD, LIT/BUSD, PAXG/BUSD, PROM/BUSD, PROS/BUSD, SXP/BUSD, VIDT/BUSD, WAVES/BUSD, XEC/BUSD, XVS at 08.00 on the same day. It will cover /BUSD trading pairs.
How Will It Be Affected?
Binance emphasized that users can continue to trade these assets via other trading pairs. However, investors, especially those using trading bots, are advised to review their transactions carefully and cancel when necessary to avoid possible losses.
Binance management also recommends that users convert their BUSD (Binance USD) holdings on the platform into different crypto assets before February 2024. This shows that the platform aims to constantly update its portfolio and offer a wider range of trading opportunities to its users. By delisting many BUSD pairs on a weekly basis, Binance aims to better adapt to market conditions and user demands.
As a result, due to the rapid changes and developments in the altcoin world, it is inevitable for major exchanges to update their trading pairs from time to time. Users should manage their investments in the best possible way by responding quickly and accurately to such changes. Following the official announcements of leading exchanges such as Binance is an important step in this regard.
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