Binance Drops Two Key Trading Pairs
The post Binance Drops Two Key Trading Pairs appeared on BitcoinEthereumNews.com.
In a recent move to maintain an optimal trading experience, Binance has announced the delisting of two trading pairs due to inadequate liquidity and trading volume. On September 27, 2024, at 06:00 TSI, the HOOK/BTC and PDA/BTC pairs will be removed from its platform. This decision aligns with the exchange’s ongoing efforts to ensure user security and a superior trading environment. Although these pairs will be discontinued, the underlying digital assets, Hooked Protocol (HOOK) and PlayDapp (PDA), will remain available for trading through alternative pairs on Binance Spot. Why Are These Pairs Being Removed? The primary reason for the removal of these pairs centers around low liquidity and trading volumes. Binance routinely assesses its trading offerings and is committed to suspending any pairs that do not meet its standards for market activity. By doing so, the platform guarantees that users are trading in a secure and efficient environment. What Happens to Trading Bots? The delisting also impacts Binance’s Spot Trading Bots linked to these pairs. As a result, users must update their bots or cancel any associated orders to prevent potential financial losses. The exchange has urged users to act before the removal date to safeguard their investments. Key considerations from this announcement include: HOOK/BTC and PDA/BTC pairs will no longer be available after the specified date. Trading of HOOK and PDA can continue using other available pairs. Users need to adjust their Spot Trading Bots accordingly. Current market performance shows HOOK at $0.4817 and PDA at $0.05107, with slight increases in the last 24 hours. Binance reassures its users that the withdrawal of these trading pairs will not impede their ability to transact the associated altcoins through other means on the platform. This action reiterates the exchange’s dedication to a safe and efficient trading environment, despite the necessary adjustments…
Filed under: News - @ September 25, 2024 8:24 am