Binance announces removal of 7 trading pairs

Charts of Binance, Dollar and Bitcoin tokensCharts of Binance, Dollar and Bitcoin tokens
Charts of the token currencies Binance, Dollar and Bitcoin.

a Binance announced the upcoming removal of several spot trading pairs from its platform. According to the largest cryptocurrency broker in the market, the pairs will be removed this Friday (26) at 00:00.

According to the announcement on Binance’s official website, the trading pairs that will be removed include COMBO/BNB, CRV/ETH, IOST/ETH, NEO/ETH, QKC/ETH, FAST/TUSD, RUNE/I am WOO/BNB.

The measure is part of Binance’s routine review to ensure user protection and maintain the quality of its trading market. The broker emphasized that the delisting is based on factors such as low liquidity and low trading volume, which are crucial for a healthy trading environment.

Cryptocurrencies will not be removed from Binance

It is important that users know that the to remove these pairs specific trading options do not imply the removal of individual tokens from Binance.

Therefore, investors will still be able to transact the assets through other trading pairs available on the platform.

Additionally, Binance will discontinue Spot Trading Bot services for these pairs concurrently with the delisting.

Users using these services are advised to update or cancel their Spot Trading Bots before the end date to avoid possible losses.

“Binance will terminate the Spot Trading Bots services for the above-mentioned spot trading pairs at 03:00 AM on 26/01/2024 (UTC), if applicable. Users are strongly advised to upgrade and/or cancel their Spot Trading Bots before discontinuing Spot Trading Bots services to avoid potential losses.” — says the company.

Binance has also made additional resources and guidelines available on its website for those seeking more information about the takedown process and its implications.

In the text, the exchange states that it regularly communicates with listed token project teams to understand their latest developments, such as product roadmaps, team changes and more.

“This includes both positive and negative changes (for example, unexpected deviations from the project team’s original plans).”

Binance also explains that it considers a variety of factors when conducting assessments to delist cryptocurrencies, including but not limited to:

  • Team involvement in the project;
  • Level and quality of development activities;
  • Trading volume and liquidity;
  • Network stability and security against attacks;
  • Network/smart contract stability;
  • Level of public communication;
  • Ability to respond to our periodic due diligence requests;
  • Evidence of unethical/fraudulent behavior or negligence;
  • Contribution to a healthy and sustainable cryptographic ecosystem;
  • Compliance with Applicable Laws and Regulations.

Finally, Binance thanked its users and promised to provide its customers with a safe and efficient trading environment.

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