Binance to Remove BNB, TUSD Spot Trading Pairs

Binance is removing several spot trading pairs including TrueUSD and BNB as quote currencies, due to low trading volume and liquidity.

Binance, the largest cryptocurrency exchange, removed several spot trade pairs as part of its ongoing efforts to safeguard its users and maintain market quality. 

Binance Starts Major Delisting

The delisting is impacting spot trading pairs that include Justin Sun’s TrueUSD (TUSD) and Binance Coin (BNB) as quote currencies. The delisting is expected to take effect on March 15, 2024, at three o’clock in the morning UTC.

The most recent notification indicates that the following spot trading pairs are impacted: ARPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD, and PENDLE/TUSD.

Furthermore, Binance listed several reasons for eliminating these pairs, including low trading volume and low liquidity, as the grounds for eliminating these pairs.

However, it is important to keep in mind that delisting specific spot trading pairings does not affect the availability of the tokens themselves on Binance Spot.

Additionally, users will still be able to trade the base and quotation assets of these pairs on other trading pairs that are still available on the site until further notice.

On top of that, The Crypto exchange will stop providing services for spot trading bots for the aforementioned spot trading pairs simultaneously. Users who utilize these bots should either upgrade or terminate their services before the termination to prevent any potential damages.

Additionally, Binance has expanded its business by introducing new trading pairs and trading bot services, broadening its offerings. Presently, several cryptocurrencies such as XRP, Dogwifhat (WIF), Floki (FLOKI), Near (NEAR), The Graph (GRT), and Synthetix (SNX) are affected.

Binance will begin trading for several new pairs on March 13 at 8:00 a.m. UTC. These new pairings include FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY.

The purpose of these enhancements is to provide users with additional trading options, which will let them diversify their investment portfolios by exchanging popular tokens against fiat currencies.

Furthermore, Binance is preparing to introduce trading bot services across various trading pairs. Spot Algo orders for FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY will be included in the initial rollout of their respective pairs.

Additionally, Binance will launch Spot Grid and Spot DCA Services for the WIF/USDT and XRP/FDUSD token pairs shortly. Additionally, the CEX has announced the debut of Rebalancing Bot services designed explicitly for trading WIF and USDT.

This move aims to improve the overall experience of traders by providing them with automated trading tactics, enabling them to execute transactions more efficiently and effectively.