Key Points
- Binance announced the removal of 5 spot trading pairs on June 14.
- The spot trading pairs to be removed are ALPACA/BTC, MDX/BTC, NFP/TUSD, QUICK/BTC, XAI/BNB.
Binance revealed in an official announcement that it will remove 5 trading pairs. The action will take place on June 14 at 03:00 (UTC).
The exchange noted that in order to protect users and maintain a high-quality trading market, it conducts periodic reviews of all the listed spot trading pairs and may choose to delist selected spot trading pairs due to multiple factors. These include poor liquidity and trading volume.
Based on Binance’s most recent reviews, the exchange decided to remove and cease trading for the following spot trading pairs:
- ALPACA/BTC
- MDX/BTC
- NFP/TUSD
- QUICK/BTC
- XAI/BNB
Important removal details
In the announcement, Binance revealed that the delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot.
Users will still be able to trade the spot trading pair’s base and quote assets on other trading pairs that are available on the exchange.
Also, Binance will terminate Spot Trading Bots services for the spot trading pairs mentioned above on June 14 at 03:00 (UTC) where this is applicable.
Users are advised by the exchange to update and/or cancel their Spot Trading Bots before the cessation of the services in order to avoid any potential losses.
Binance latest news
In other recent news, the exchange has announced that Binance Labs has just invested in Zircuit an L2 network with maximum AI-enabled user security.
The network keeps users safe with sequencer-level security and built-in automated AI mechanisms that maintain user safety against smart contract exploits and malicious actors.
Also, Binance’s CEO, Richard Teng recently addressed the important milestone marked by the exchange – 200 million users.
He also explained the mechanisms and importance of the meteoric rise of Web3 and the mainstream adoption of crypto and blockchain technology.
