Binance removes 5 Bitcoin trading pairs overnight: details
According to a recent report from Binance on its blog, it continues its efforts to improve market quality through a new round of removing spot trading pairs, a process Binance regularly undertakes to ensure liquidity and operational efficiency.
This time, the focus is on 5 pairs that include Bitcoin, plus one Ethereum pair.
Why were they removed?
Trading pairs on Binance are subject to periodic reviews, with low liquidity and weak trading volume pairs being removed to ensure a smooth trading experience.
This action is not new; it is part of Binance's strategy to maintain its competitiveness and market efficiency.
Which projects are affected?
The pairs associated with the following projects have been removed:
Measurable Data Token (MDT): The project focuses on decentralized data exchange between users, buyers, and data providers.
Enzyme (MLN): A platform for managing automated and discretionary investment strategies.
Oasis (ROSE): Promotes and focuses on privacy in Web 3, supporting DeFi, GameFi, and NFTs.
Viberate (VIB): Integrates blockchain with the music industry to connect artists, fans, and event organizers.
Viction (VIC) – formerly known as TomoChain: This project aims to provide scalable infrastructure for decentralized applications.
XAI: The first layer 3 solution in the Arbitrum ecosystem, focusing on the gaming industry.
Removing these pairs does not mean the cryptocurrencies themselves are disappearing from Binance, as they can still be traded through other available pairs on the platform.
However, traders using 'Spot Trading Bots' for these pairs need to cancel or update their settings before the deadline to avoid any unexpected losses.