The cryptocurrency exchange Binance has announced that from February 28, it will no longer support the trading pairs BNB/UAH and ETH/UAH.
Binance explains this by regular monitoring of liquidity and the need to maintain a stable trading environment. The company urges traders to update or cancel their spot bots before trading ends to avoid financial losses.
The removal of pairs in the hryvnia means that Ukrainian traders will have to use intermediary assets for conversion, which may lead to additional commissions and increased exposure to market fluctuations.
The closure of trading pairs on Binance often leads to a decrease in liquidity and puts pressure on asset prices. For example, after the delisting of Monero (XMR) and other cryptocurrencies in 2023, XMR dropped by 35%.
However, currently both ETH and BNB are showing positive momentum against the backdrop of the overall recovery of the cryptocurrency market.
