Important notice about these 4 trading pairs on Binance: Details

TL;DR

The exchange will remove four trading pairs on September 13, but the underlying tokens will remain available on Binance Spot. The company has recently increased collateral ratios for some cryptocurrencies and completed routine maintenance of the BNB smart chain. The next update

The world’s largest crypto exchange conducts regular reviews of all trading pairs listed on its platform, removing those that show poor liquidity and trading volume. Based on his latest research, he decided to delist BAND/TRY, LSK/ETH, NTRN/BTC and PROM/BTC.

The effort is scheduled to go into effect on September 13. “Users are encouraged to upgrade and/or cancel their trading bots promptly prior to the termination of the trading bots services promptly to avoid potential losses,” Binance warned.

The company revealed that ceasing to support the aforementioned pairs does not affect the availability of tokens on Binance Spot, as “users can still trade the underlying spot trading pair and trade assets on other trading pairs available on Binance.”

Reduced support in such an important trading venue could negatively affect the price of the cryptocurrencies involved due to decreased availability, decreased confidence and fear of a wider pullback. BAND, LSK, NTRN and PROM are all in the red on a 24-hour scale, registering slight declines.

It’s worth noting that its underperformance coincides with a general decline in the crypto industry, whose global market capitalization fell by 2% daily and currently stands at around $2.08 trillion (according to data from CoinGecko).

Previous Binance Amendments

In addition to adding new trading pairs and removing existing ones, the company also makes other improvements regularly. Earlier this month, it increased the collateral ratio of several cryptocurrencies, including some trending meme coins like Floki Inu (FLOKI) and Dogs (GOGS).

The update took about an hour, after which FLOKI’s ratio rose to 40% from the previous 35%. DOGS saw an even more substantial rise: from 10% to 30%.

The collateral ratio shows the amount of assets needed to secure a loan or maintain an open position. It is usually shown as a percentage, which reflects the value of the collateral compared to the amount borrowed. A higher ratio provides greater assurance that the lender can recover its funds, even in the event of a market downturn.

Shortly after, Binance performed wallet maintenance for BNB Smart Chain (BEP20). It temporarily suspended deposits and withdrawals on the network, resuming services after the effort was completed.

“Token trading on the aforementioned network will not be affected. Binance will handle all technical requirements involved for all users,” the exchange assured at the time.

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