They argue that they seek to “protect users and maintain a high-quality trading market.”
Excluding a trading pair does not affect the availability of tokens on Binance Spot.
This Wednesday, Binance, the largest cryptocurrency exchange by trading volume, announced the removal of four trading pairs due to lack of liquidity and low trading volume.
The decision was taken to “protect users and maintain a high-quality trading market,” according to the platform. The affected pairs are ACE/FDUSD, FIL/BNB, OP/BNB, and TRB/FDUSD, with removal scheduled for 03:00 UTC on October 4.
Binance reported that trading bot services for these pairs will end on October 4 at 03:00 UTC. “Users are recommended to update or cancel their bots before this date to avoid possible losses,” reads the exchange’s official site.
The exchange conducts periodic reviews of its spot trading pairs, evaluating factors such as liquidity and trading volume. The removal of these pairs does not affect the availability of the tokens on Binance Spot, allowing users to continue trading these assets in other available pairs.
This announcement by Binance had an immediate effect on the prices of the mentioned cryptocurrencies. ACENT (ACE) recorded a decrease of 0.96%, going from $0.002409 to $0.002290. Filecoin (FIL) also suffered a decline, declining 1.25% from $3.67 to $3.56.
Optimism (OP) was not exempt, falling 3.37% from $1.9 to $1.63. Lastly, Tellor (TRB) saw a 3.23% depreciation, moving from $62.7 to $60.4.
ACENT is a DeFi platform whose main focus is interoperability between different networks. Filecoin, for its part, operates as a decentralized storage system.
Optimism, meanwhile, stands out for being a scalability project for Ethereum. And Tellor is a decentralized oracle that plays a crucial role in providing data to smart contracts on the Ethereum network.
This decision follows a recent warning issued by Binance regarding 10 crypto assets, flagged for significant changes in their monetary policy or tokenomics, which could indicate a context of greater scrutiny and adjustments in the offering of trading servicesas reported by CriptoNoticias.
This article was created using artificial intelligence and edited by a human Editor.
