In an effort to sustain a robust trading environment and protect its user base, Binance has announced key updates to its platform’s trading pairs. As a part of this update, several spot trading pairs will be delisted based on a set of criteria including but not limited to liquidity and trading volume.
Key Takeaways
- Periodic Binance Reviews: Binance consistently evaluates the performance of its spot trading pairs to ensure an optimal trading experience.
- Upcoming Delisting Schedule: Several spot trading pairs will be delisted on different schedules, ranging from 2023-09-22 03:00 UTC to 2023-09-22 07:00 UTC.
- Spot Trading Bots Affected: Binance will also be terminating Spot Trading Bots services for these trading pairs. Users are advised to make necessary adjustments.
- BUSD Conversion: Users have the option to trade their BUSD balances for FDUSD at zero trading fees or convert at a 1:1 ratio using a special portal.
Criteria for Delisting
The quality of the trading market is crucial to Binance, which is why they conduct thorough reviews to determine the pairs that fall short of the platform’s high standards. Key factors such as poor liquidity and insufficient trading volume have been cited as grounds for delisting.
What to Do Next
If you hold any of the assets in the soon-to-be delisted trading pairs, don’t worry. These tokens will still be available for trade in other trading pairs on the Binance platform. Furthermore, Binance recommends updating or cancelling Spot Trading Bots to prevent potential losses due to these changes.
Final Remarks
In summary, these adjustments are part of Binance’s commitment to offering a secure and high-quality trading experience. Make sure to adjust your trading strategies accordingly to adapt to these changes.
