Key Points
- Binance announced the removal of certain spot trading pairs on June 7.
- The spot trading pairs to be removed are ACE/BNB, DOT/TUSD, MAGIC/FDUSD, MEME/BNB, SAND/BNB, XAI/TUSD.
In a new official announcement, Binance issued a notice of removal of certain trading pairs. The action will take place on June 7, according to the exchange.
Binance noted that in order to protect users and maintain a high-quality market, the exchange conducts periodic reviews of all the listed spot trading pairs. Binance may delist the selected spot trading pairs due to multiple factors such as poor liquidity and trading volume.
Based on recent reviews, Binance announced the removal and cessation of trading for the following spot trading pairs on June 7 at 03:00 (UTC):
- ACE/BNB
- DOT/TUSD
- MAGIC/FDUSD
- MEME/BNB
- SAND/BNB
- XAI/TUSD
Important notes about the removal of spot trading pairs
Binance also 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 available on Binance.
The exchange will terminal Spot Trading Bots services for the spot trading pairs mentioned above on June 7 at 03:00 (UTC).
Users are advised to update and/or cancel their Spot Trading Bots before the cessation of Spot Trading Bots services to avoid potential losses.
Clarifying stablecoin ban rumors
In other important news regarding Binance, the other day we reported that Binance’s Head of CEE and CIS clarified the “stablecoins delisting” rumors during Binance Campus where Crypto.ro was present.
Kyrylo Khomiakov brought up the matter regarding a “potential stablecoin ban”, beginning his discourse by saying that this has been plaguing the media for a while now, and it’s time to address the matter.
He said that the media got it completely wrong, with some saying that Binance will delist stablecoins completely and others claiming that this will happen only for European users.
Khomiakov clarified the situation, saying that this is not the case. He continued and said that indeed, MiCA is taking place soon, and starting July 1, there will be new rules for stablecoins which have been explicitly addressed by the exchange recently.
