Binance Delist Several Trading Pairs Due to Low Activity
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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.