Key Points
- Binance announced the delisting of key spot trading pairs: BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, UNI/BNB.
- The move is set to take place on April 12.
In an official announcement, Binance revealed the decision to delist some important trading pairs on April 12 at 3:00 UTC.
These include the following: BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, UNI/BNB.
Binance will remove and cease trading on the mentioned spot trading pairs in order to protect users and maintain a high-quality trading market.
The exchange conducts periodic reviews of all listed spot trading pairs, and it may delist selected ones due to multiple factors, including poor liquidity and trading volume.
In the announcement, Binance highlights the fact that the delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot.
The exchange notes that users will still be able to trade the spot trading pair’s base and quote assets on other trading pairs that are available on Binance.
Binance also announced that it will terminate the Spot Trading Bots services for the pairs mentioned above where this is applicable.
Users are advised to update and/or cancel their Spot Trading Bots before the termination of the services in order to avoid any potential losses.
Binance in the spotlight following Saga (SAGA) listing
Binance has been in the spotlight a lot recently, especially due to its listing of the newcomer Saga (SAGA) token.
The other day, the exchange listed Saga (SAGA) following an official announcement stating that it decided to advance the starting trading time for the token.
Saga Mainnet is now live. pic.twitter.com/2WWVsF9fcY
— Saga ⛋ (@Sagaxyz__) April 9, 2024
The trading start time was originally set for April 9, 14:00 UTC, and the exchange decided to advance it at 08:00 UTC.
Saga is a crypto project that launched on Binance’s Launchpool on April 5, 2024, that allows developers to build custom blockchains for their applications.
SAGA is the 51st project on Binance Launchpool, and the project managed to draw enormous attention in the crypto community, becoming the largest launchpool in Binance’s history.
SAGA is now trading at $6.20 on CoinMarketCap, and it has a total market cap of about $557M.
Also, recently, Binance announced that the integration of 35 more dApps in the Binance Web3 Wallet is now complete.