Binance Delist Several Trading Pairs Due to Low Activity
Binance recently made a decision to get rid of some trading pairs in the spot market because of low liquidity and trading volumes.
This action is a regular practice at Binance, which aims to better the user experience at the exchange.
Effective today, June 14, 2024, the following pairs will no longer be available: ALPACA/BTC, MDX/BTC, NFP/TUSD, QUICK/BTC, XAI/BNB.
Nevertheless, you can still trade these altcoins against other cryptocurrencies.
Binance is removing these pairs as a means of preventing the situations where low liquidity and low trading volume leads to higher volatility and slippage.
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The exchange also shut down all the bots used for those specific pairs. They have alerted users to upgrade and discontinue their bots so that they can be safeguared against losses.
Moreover, Binance and BNB Chain are releasing the BNB Incubation Alliance, a joint venture aimed at supporting new blockchain projects.
This initiative, which was launched on June 13, allows the collaboration between capitalists and developers all over the world and distribute grants as well as investment opportunities.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
