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Major cryptocurrency exchange Binance has announced the delisting of two spot trading pairs. The move follows a periodic assessment of all listed pairs on the cryptocurrency exchange.
To safeguard users and maintain a high-quality trading market, Binance conducts periodic reviews of all listed spot trading pairs and may delist selected spot trading pairs for a variety of reasons, including low liquidity and trade volume.
Based on its most recent reviews, Binance stated it will remove and cease trading on the BNB/UAH and ETH/UAH spot trading pairs on Feb. 28 at 3:00 a.m. (UTC). UAH is a fiat currency and does not represent any other digital currencies.
Tomiwabold OlajideUsers can continue to trade BNB and ETH against other available trading pairs on Binance Spot, as the delisting of the spot trading pairs does not affect the availability of the tokens on Binance Spot.
In line with the announcement, traders are urged to adjust their strategies accordingly ahead of the date of the delisting.
Binance CEO shares thoughts on recent market sell-off
Tuesday saw a major sell-off that liquidated over $1.5 billion across various crypto assets in a single day.
Alex DovbnyaIn a tweet, Binance CEO Richard Teng shared his thoughts on the recent market turbulence, highlighting why it is important to view the situation as a "tactical retreat" rather than a reversal. "Crypto has been here before and bounced back even stronger. Here's why we should stay optimistic," Teng said in his tweet.
History has proven that crypto markets react to macroeconomic shifts much like traditional assets, but they also bounce back with remarkable resilience. The Binance CEO referenced 2022, when Bitcoin temporarily fell below $20,000 during Fed rate hikes before recovering as conditions stabilized.
Teng reiterated that what is witnessed now is another short-term tactical retreat, far from a structural decline. Here, price movements overshadow what is happening beneath the surface, but the core drivers of crypto's growth remain firmly intact.
Dan Burgin
Vladislav Sopov