Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Binance exchange, the biggest trading platform in the world by volume, has announced it will be delisting a total of 12 trading pairs from its Liquidity Swap offering.
According to the trading behemoth, the liquidity pairs that feature XRP/BUSD also include BEL/USDT, FTM/BUSD, FUN/USDT, GMT/BNB, GMT/ETH, HFT/USDT, IDEX/USDT, LEVER/USDT, MAGIC/BTC, MANA/BUSD and OP/BUSD pairs, respectively.
Tomiwabold OlajideIt is not unusual for Binance exchange or even other trading platforms to delist assets that are generally underperforming. In Binance's case, it claimed that these delisted trading pairs do not currently meet its requirement for sustained support on its Liquidity Swap offering. The exchange highlighted that impacted users will have until Oct. 17 to either close or settle all opened positions.
The firm reassured readers that the delisting of the trading pools on the Binance liquidity swap does not impact the trading of these pairs on its spot markets, where applicable. While the exchange said users will be able to trade other supported pairs on Binance Swap, for the delisted ones, new liquidity additions will be barred as of Friday, Oct. 13.
Binance's periodic sanitation
As the biggest digital currency trading outfit, Binance is known to conduct periodic sanitation of its platform. As reported earlier by U.Today, one of the latest pairs to be delisted from the exchange are the XRP and Dogecoin (DOGE) pairs that were taken off the platform as a result of a recent regulatory sweep.
Vladislav SopovThe ongoing legal clash between Binance and the United States Securities and Exchange Commission (SEC) has also fueled the delisting of a number of trading pairs from the platform to avoid complicating its regulatory woes.
In all, Binance is always striving to be compliant in each of the markets it operates in and, as such, limits its supported trading pairs to what is permitted by law.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin