In a move to ensure a high-quality trading environment, Binance is set to delist and cease trading on multiple spot trading pairs, including CAKE/TUSD, DYDX/BNB, LAZIO/BTC, according to an announcement from the exchange on May 29, 2024.
Periodic Reviews for Market Quality
Binance, one of the world’s leading cryptocurrency exchanges, conducts regular assessments of all its listed spot trading pairs. These evaluations are designed to safeguard users and uphold the integrity of the trading market. The exchange may opt to delist pairs with poor liquidity and trading volume as part of this process.
The latest review has led to the decision to remove several spot trading pairs, though the specific pairs were not listed in the announcement. The delisting process is scheduled to be completed by May 31, 2024.
Impact on Spot Trading Bots
As part of the delisting process, Binance will also terminate Spot Trading Bots services for the affected pairs at 03:00 (UTC) on May 31, 2024. Users who employ these bots are strongly advised to update or cancel their active bots to avoid potential losses.
Binance emphasized the importance of referencing the original English version of the announcement for the most accurate information, as there could be discrepancies in translated versions.
User Guidance and Disclaimers
The announcement included several disclaimers, reminding users of the inherent risks associated with digital asset trading. Binance highlighted that the value of investments could fluctuate significantly, and users should only invest in products they fully understand. The exchange advised consulting with independent financial advisors before making investment decisions.
Binance retains the right to amend or cancel the announcement at any time without prior notice, reiterating the importance of staying updated with the latest information directly from the platform.
Image source: Shutterstock
. . .
Tags