Binance, one of the largest crypto exchanges, has decided to delist six trading pairs. This move is part of Binance's routine effort to keep its trading environment healthy and ensure the best experience for its users. The pairs being removed include BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD and UNI/BNB.
However, this does not mean the individual cryptocurrencies are being removed from Binance altogether. Users can still trade these assets in other pairings available on the exchange, like USDT, USD, BUSD and others.
Arman ShirinyanLooking at the performance of some of these pairs, such as OP/TUSD and UNI/BNB, the charts show why the decision might have been made. There is a noticeable dip in trading volume, meaning not many people are trading these pairs. For exchanges like Binance, it is important to keep markets where assets are actively bought and sold. When a trading pair is not seeing much action, it might be time to take it off the shelf instead of spending resources on market making and maintenance.
Gamza KhanzadaevThis is not a cause for alarm, though. The underlying reason for these delistings is simply a lack of trading volume for these BNB pairs and not something more concerning about the assets themselves.
Binance is also reminding users that they should cancel or update their Spot Trading Bots for these pairs before they are removed to avoid any unwanted surprises or potential financial losses.
In case you are reading translations of this announcement, remember that the original English article is the go-to for the most up-to-date and accurate information. If there are differences between the translations and the English version, trust the English version to be correct.
Alex Dovbnya
U.Today Editorial Team
Vladislav Sopov
Dan Burgin