SNEAK PEEK
Binance removes 6 altcoin trading pairs to safeguard users, retaining access to base and quote assets via alternative pairs.
Matt Horne of Fidelity suggests a small Bitcoin portfolio allocation, emphasizing long-term goals and risk management.
Bitcoin ETFs in the US market offer regulated investment avenues, addressing investor concerns while promoting education on digital assets.
In a recent announcement, Binance, the world’s largest cryptocurrency exchange, declared the delisting of several altcoin trading pairs from its platform. The move aims to safeguard users and maintain a robust trading environment. This decision follows Binance’s ongoing efforts to uphold market integrity and protect investor interests.
The delisting affects six altcoin trading pairs, which will no longer be available for spot transactions on the platform. Despite this action, users will retain the ability to trade the base and quote assets of the affected pairs through alternative trading pairs offered on Binance Spot.
Additionally, Binance will cease its Spot Trading Bots services for the delisted pairs, advising users to update or cancel their bots to mitigate potential losses.
Expert Advocates for Bitcoin Portfolio Allocation
At the 2024 Vision conference, Matt Horne, head of digital asset strategies at Fidelity Digital Assets, proposed a prudent approach to Bitcoin investment. Horne emphasized the importance of including a small allocation to Bitcoin in investment portfolios, regardless of specific investment theses.
He highlighted the significance of long-term investment goals, suggesting that a non-zero position in Bitcoin could align with clients’ risk profiles and long-term horizons.
Horne addressed common concerns surrounding Bitcoin investment, including volatility, regulatory uncertainties, and a lack of track record. He emphasized the minimal impact of a potential zero-value scenario on broader portfolios juxtaposed with Bitcoin’s potential value appreciation over time.
Despite Bitcoin’s relatively short lifespan and challenges in modeling its behavior, Horne stressed the importance of investor education in navigating the digital asset space.
Bitcoin ETFs Offer Regulated Investment Vehicles
Bitcoin exchange-traded funds (ETFs) have been available in the US market for nearly six months, providing regulated investment options for advisors and their clients.
While some investors remain apprehensive due to various factors, including volatility and regulatory concerns, Horne highlighted the role of Bitcoin ETFs in providing access to the asset class within a regulated framework. He underscored the importance of educating advisors and investors about digital assets to facilitate informed decision-making in portfolio management.
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