Binance to Remove ARKM/TUSD and CHZ/EUR Spot Trading Pairs in Delisting Effort

As an investor in the cryptocurrency market, staying informed about updates from major exchanges like Binance is crucial. Recently, Binance made an announcement that they will be removing several spot trading pairs from their platform, effective August 23, 2024. This decision is part of their regular reviews to ensure the safety and quality of trading on their platform.

Spot trading pairs that will be delisted include ARKM/TUSD, CHZ/EUR, ENA/EUR, FIRO/BTC, IOTA/FDUSD, JOE/TRY, OMNI/BNB, REZ/BNB, and SUPER/FDUSD. Binance will cease trading on these pairs at 03:00 (UTC) on the specified date. Additionally, Spot Trading Bots services for these pairs will also be terminated at the same time.

Related:  New Earn Wednesday Offers on Binance: ETH and SOL Staking Introduced

The decision to delist these trading pairs is based on factors such as poor liquidity and low trading volume. Binance regularly reviews all listed spot trading pairs to maintain a high-quality trading market for its users.

It’s important for users to update or cancel their Spot Trading Bots for these pairs before the cessation to avoid any potential losses. Binance has also advised users to refer to the English version of the announcement for the most accurate information, as there may be discrepancies in translated versions.

As with all investments, users should be aware of the high market risk and price volatility associated with digital assets. The value of investments can fluctuate, and past performance is not a reliable indicator of future performance. It’s crucial for investors to make informed decisions based on their own understanding and risk tolerance.

Related:  Concerns over Token Distribution Equity Raised by EigenLayer's Airdrop Plan

At Extreme Investor Network, we provide valuable insights and updates on the latest developments in the cryptocurrency market. Stay tuned to our platform for more news and information to help you make informed investment decisions in this dynamic industry.

Source link