In three separate announcements, Binance announced the addition of 6 cryptocurrency trading pairs to its platform, but will also remove another 59. The changes start this Thursday (19) and run until next Thursday, day 26.
According to the statement, the removal of the pairs will not affect the availability of the affected cryptocurrencies, which can be found through other trading pairs.
The exchange once again advised its clients to convert their Binance USD (BUSD) into other assets before February 2024. Most takedowns have a direct link to BUSD, which is slowly being abandoned by Binance.
Binance Announces Addition of 6 Cryptocurrency Trading Pairs
The first note, published in the early hours of Wednesday (18), reveals the addition of 6 new trading pairs on Binance. Four of them are linked to First Digital USD (FDUSD), a stablecoin that is gaining ground within the broker with a zero-fee promotion.
The new pairs listed this Thursday (19) are the following:
- ATOM/FDUSD;
- AVAX/FDUSD;
- BCH/FDUSD;
- MATIC/FDUSD;
- BAND/TRY;
- LOOM/TRY.
In addition, Binance also informs that the ‘Spot Grid’ and ‘Spot DCA Trading Bots’ services will be available for pairs NTRN/USDT It is PENDLE/USDT also this Thursday (19).
Binance announces removal of 59 cryptocurrency trading pairs
The other two announcements, also published in the early hours of Wednesday (18), indicate new mass removals of trading pairs within Binance.
Most are tied to Binance USD (BUSD), a stablecoin that is being abandoned by the broker. This Friday (20) the following pairs will be removed:
- ADX/BUSD;
- AMP/BUSD;
- AR/BUSD;
- DAS/BUSD;
- HAMBURGER/BUSD;
- CELR/BUSD;
- CHESS/BUSD;
- COTI/BUSD;
- DEXE/BUSD;
- ELF/BUSD;
- ENJ/EUR;
- HARD/BUSD;
- ILV/BUSD;
- IOTA/BUSD;
- JOE/BUSD;
- KNC/BUSD;
- MBOX/BUSD;
- MY/BUSD;
- MOVR/BUSD;
- IQ/BUSD;
- QNT/BUSD;
- SNX/BUSD;
- SYS/BUSD;
- TKO/BUSD;
- VOXEL/BUSD;
- ZEC/BUSD;
- EOS/BNB;
- IDEX/BNB;
- THETA/BNB.
Next Thursday the 26th, Binance will remove pairs associated with the margin service. The list is as follows:
- AUCTION/BUSD;
- ALGO/BUSD;
- APT/BUSD;
- ATOM/BUSD;
- AXS/BUSD;
- COMP/BUSD;
- CRV/BUSD;
- DYDX/BUSD;
- EGLD/BUSD;
- ETC/BUSD;
- EOS/BUSD;
- FLOW/BUSD;
- FTM/BUSD;
- GMT/BUSD;
- HBAR/BUSD;
- KEY/BUSD;
- LDO/BUSD;
- LEVER/BUSD;
- LINA/BUSD;
- MAGIC/BUSD;
- MANA/BUSD;
- MASK/BUSD;
- NEAR/BUSD;
- A/BUSD;
- RNDR/BUSD;
- TRX/BUSD;
- UNI/BUSD;
- VET/BUSD.
Since the removals appear to be related to the discontinuation of Binance USD (BUSD) and cryptocurrencies can still be found in other pairs on the exchange itself, none of them have experienced any major changes in their prices.
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Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
