Binance delists four major crypto pairs
Binance has recently announced the delisting of four major crypto trading pairs. This decision is part of Binance’s ongoing efforts to maintain a high-quality trading environment and protect its users. The decision to remove specific pairs is driven by various factors, including low liquidity and trading volume.
Why the delisting?
The pairs that will no longer be available for trading on Binance are APE/ETH (Apecoin paired with Ethereum), ATOM/BNB (Cosmos paired with Binance Coin), BAL/BTC (Balancer paired with Bitcoin), and BNB/DAI (Binance Coin paired with DAI). The delisting will take effect at 3:00 a.m. (UTC) on 11 October 2024.
The primary reasons for delisting these pairs are that pairs with insufficient trading activity can lead to poor execution for traders and a subpar trading experience. By delisting pairs that don’t meet its standards, Binance ensures that users are not exposed to unnecessary risks associated with low-volume markets.
These periodic evaluations help Binance maintain its position as a leading exchange with high-quality markets, ensuring that only the most active and liquid pairs remain on its platform.
After the delisting of these pairs, users will still have access to the base and quote assets of these pairs through other trading options. If you trade APE/ETH, you can still trade APE and ETH separately against other cryptocurrencies or fiat pairs. The removal of these pairs won’t affect your ability to hold or trade the individual tokens on Binance.
For traders impacted by the delisting of pairs, it is crucial to update or terminate any active Spot Trading Bots related to the delisted pairs. Users should monitor the market for any opportunities to trade the individual assets in other pairs. Consider exploring BNSOL and Binance’s staking products for alternative trading and staking options.
BNSOL trading launch
In contrast to the delisting of pairs, Binance has also announced the listing of BNSOL, a token tied to its Binance SOL Staking initiative. Trading for the BNSOL/SOL pair began on 10 October 2024, at 8:00 a.m. (UTC). The introduction of BNSOL is part of Binance’s push into liquid staking, giving users more options for leveraging their staked assets without locking them up.
Binance also announced scheduled wallet maintenance for the Tron Network (TRX) on 10 October 2024, at 7:00 a.m. (UTC). During this time, deposits and withdrawals on the Tron Network will be suspended, resuming after the maintenance, which is expected to last about an hour.
Binance’s decision to delist certain pairs and introduce new staking products is part of its broader strategy to maintain a high-quality trading ecosystem. By focusing on liquidity, user protection, and innovative products like BNSOL, Binance continues to position itself at the forefront of the cryptocurrency market.
