Binance, the world’s largest cryptocurrency exchange by trading volume, has made a delisting announcement for various altcoin pairs. Here are the details of Binance’s statement and the delisted altcoin pairs…
Binance delists some trading pairs
cryptocoin.com As we have also reported, Binance, the world’s largest cryptocurrency exchange with daily trading volume, made an announcement today. According to the stock market’s statement, Ark (ARK), BEAM (BEAM), Bitcoin Standard Hashrate Token (BTCST), Gifto (GTO), Mithril (MITH), PERL.eco (PERL), pNetwork (PNT), Augur (REP), Serum ( Some trading pairs for SRM), Tribe (TRIBE) and NEM (XEM) will be removed from the exchange.
Spot couples to be delisted are as follows:
According to the disclosures, users can continue to trade the above assets on other trading pairs available on Binance. Binance will terminate trading services for these spot trading pairs as of 06:00 CEST on 28 November 2022. Users are strongly advised to update their trading strategies prior to the expiration of strategy trading services to avoid any potential losses.
The stock market is in preparation for a $ 1 billion bailout fund
Alongside the delist or listing news, Binance has come up with rescue attempts for the crypto market, which has been crashing recently. Binance CEO Changpeng Zhao first announced the launch of an industry recovery fund on November 14 to assist companies that “would be strong if not in the liquidity crisis” following the bankruptcy of cryptocurrency exchange FTX. On the other hand, the exchange has released its first pledge to show 1 billion Binance USD (BUSD), a fiat-based stablecoin issued by Binance and blockchain infrastructure platform Paxos.
The exchange said that the commitment could increase to 2 billion BUSD depending on the need. According to Paxos, BUSD is certified by the New York State Department of Financial Services. It is also regulated. It is backed by 100 percent fiat cash reserves and US Treasury bonds. Binance noted that industry participants Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos and Brooker Group have committed $50 million in assets to the fund.
He added that more are expected to attend. In an interview with Bloomberg on Thursday, Zhao cited several developments. He also announced that Binance.US will also bid for bankrupt crypto lender Voyager Digital. Because he said FTX could not complete the company’s agreed-upon acquisition.
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.