Binance, the world’s largest cryptocurrency exchange by total trade volume, is preparing to remove some cryptocurrency trading pairs from its platform.
2 Important Announcements From Binance
According to the statement from Binance’s official Twitter account, as of September 18, the following trading pairs will be removed from the platform;
“BAND/BNB, BAT/BNB, BCH/TUSD, BIFI/BNB, BLZ/BNB, BTC/IDRT, BTC/VAI, CRV/BNB, ICX/BNB, JST/BNB, LINK/TUSD, MKR/BNB, NAV /ETH, ONT/BNB, SHIB/RUB, SUSD/BTC, UNFI/BNB, WING/BNB, WNXM/BNB, YFI/BNB”
Notice of Removal of Trading Pairs – 2021-09-18https://t.co/24cO7oHbMk
— Binance (@binance) September 17, 2021
Although Binance does not give a reason for removing this trading pair from the platform, it can be said that this is actually a low volume-driven step. While Binance has removed some cryptocurrency trading pairs from its platform, it has decided to add some to its platform.
According to the announcement made by Binance on the same day, as of today, investors will have 6 new crypto currency trading pairs. These cryptocurrencies are listed as follows:
“ALGO/BIDR, CAKE/AUD, FTM/BIDR, KSM/AUD, SUN/BUSD and WAVES/RUB.”
Binance emphasized that the fiat currencies specified as RUB and AUD do not represent any digital money and they are only fiat money.
Apart from that, SUN, CAKE and ALGO, which are popular cryptocurrencies of recent days, seem to reach more trading volume with the new trading pair.