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Major crypto exchange Binance has issued a notice of removal for four spot trading pairs, with the delisting scheduled for Oct. 24.
This follows a recent review of all listed spot trading pairs, with Binance opting to delist a select few due to reasons ranging from poor liquidity to trading volume, and others.
In an official announcement, Binance stated it will remove and cease trading on four trading pairs, including that of Solana-based meme coin Peanut the Squirrel (PNUT) on Oct. 24 at 3:00 p.m. UTC. These include A/FDUSD, AXS/BNB, GALA/BTC and PNUT/BRL.
While these spot trading pairs will be axed from Binance on that date, the underlying tokens remain unaffected, as they will still be available on Binance.
Binance will also simultaneously terminate Spot Trading Bots services for spot trading pairs; in this light, users are urged to take appropriate steps to avoid potential losses.
Binance to delist GALA/BTC on margin
In a separate announcement, Binance revealed its decision to delist the GALA/BTC pair on cross and isolated margin while sharing timelines.
On Oct. 22 at 6:00 a.m. (UTC), Binance Margin will suspend isolated margin borrowing on the GALA/BTC isolated margin pairs.
On Oct. 23 at 6:00 a.m. (UTC), Binance Margin will close users’ positions, conduct an automatic settlement and cancel all pending orders on the GALA/BTC cross and isolated margin pairs; afterward, it will be removed from Binance Margin.
Users will not be able to update their positions during the delisting process, which may take approximately three hours, and are urged to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of Margin trading on Oct. 23 at 6:00 a.m. (UTC) to avoid potential losses.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team