Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available.
Binance, one of the world's largest crypto exchanges, has announced the delisting of four major crypto pairs.
Binance said in an announcement that this decision was made to protect users while maintaining a high-quality trading market. Binance typically conducts regular evaluations of all listed spot trading pairs, and may delist certain spot trading pairs due to various reasons such as illiquidity or low trading volume. .
Based on the latest review, Binance will remove trades on spot trading pairs APE/ETH, ATOM/BNB, BAL/BTC, BNB/DAI on October 11, 2024 at 3:00 AM UTC, announced that it would be discontinued.
The virtual currency exchange will concurrently terminate the spot trading bot service for the above spot trading pairs on the same day, if applicable. Therefore, Binance users are strongly advised to update and/or terminate the Spot Trading Bot before discontinuing the Spot Trading Bot service to avoid losses.
related
Delisting a spot trading pair will not affect the availability of the token on Binance Spot. Users can still trade the basis of spot trading pairs and quote assets for other trading pairs on Binance.
Other Binance Announcements
In a separate announcement, Binance announced the listing of BNSOL. Open trading for BNSOL/SOL will begin on October 10th at 8:00 AM (UTC).
Binance introduced BNSOL (Binance SOL Staking) in early September. This will allow users to stake SOL tokens in exchange for BNSOL, a liquid staking token that represents their staked assets. With BNSOL, users have the option to trade, lend, or use their assets across multiple Binance products and external DeFi platforms while still receiving staking incentives.
related
In other news, Binance announced that it will conduct wallet maintenance for Tron Network (TRX) on October 10, 2024 at 7:00 AM UTC. Deposits and withdrawals on Tron Network (TRX) will be temporarily suspended starting October 10, 2024 at 6:55 AM UTC and will resume after maintenance is completed. The maintenance is expected to take approximately 1 hour.
