Key Points
- Binance announced the removal of 7 spot trading pairs on June 28.
- The trading pairs are BLUR/FDUSD, LINK/TUSD, MEME/ETH, METIS/FDUSD, NFP/BNB, OSMO/BTC, and SHIB/TUSD.
Binance announced the removal of seven spot trading pairs on June 28 at 03:00 (UTC).
In the official announcement, the exchange revealed that in order to protect users and maintain a high-quality trading market, the team conducts periodic reviews of all listed spot trading pairs.
The exchange could decide to delist selected spot trading pairs due to multi factors including poor liquidity and trading volume.
Binance decided to remove the following spot trading pairs:
- BLUR/FDUSD
- LINK/TUSD
- MEME/ETH
- METIS/FDUSD
- NFP/BNB
- OSMO/BTC
- SHIB/TUSD
Important details about the delisting
Binance noted that the delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pairs that are available on the exchange.
Also, the exchange announced that it will terminal Spot Trading Bots services for the spot trading pairs mentioned above on June 28, at 03:00 (UTC) where this is applicable.
Users are advised to update or/and 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, Binance has just marked an important achievement.
The exchange announced a step towards regional compliance with the acquisition of a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local entity, Binance FZE.
This milestone marks an important shift for UAE users, who will be transitioned from the global Binance platform to the VARA-regulated Binance FZE exchange.
The full VASP license signifies Binance’s commitment to regulatory compliance, innovation, and user protection within the dynamic landscape of digital assets.
Binance’s CEO Richard Teng recently addressed the importance of compliance for the entire crypto industry.