Binance, the world’s largest cryptocurrency exchange by daily trading volume, made an announcement that will affect five altcoins. According to the announcement, the exchange will delist five cryptocurrency pairs as of December 20, 2024. Here are all the details…
Binance made an announcement for those altcoins
Binance regularly reviews spot trading pairs to protect users and provide a high-quality trading platform. In particular, it may delist some pairs due to factors such as low liquidity or trading volume. According to the latest reviews, the exchange will delist and halt trading in the spot trading pairs BNT/ETH, CYBER/TUSD, EUR/AEUR, HMSTR/BNB and SUI/TUSD as of 06:00 on December 20, 2024, TSI. However, delisting a pair does not affect the availability of tokens on Binance Spot. Users can still continue to trade and offer assets on other pairs.
The exchange will discontinue Spot Trading Bots services for the aforementioned spot trading pairs as of December 20, 2024 at 06:00 AM PT, where applicable. Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the discontinuation of Spot Trading Bots services to avoid potential losses.
Exchange announces “Alpha” platform
Meanwhile, the exchange launched Binance Alpha, a new feature designed to highlight early-stage cryptocurrency projects with significant growth potential within Binance Wallet. The platform will function as a pre-listing token pool, selecting projects based on community interest, traction and market trends. Tokens showcased on Binance Alpha will also be considered for listing on the exchange, increasing transparency in the token selection process. This initiative seems to be a strategic response to competitors in the cryptocurrency auction space, aiming to attract more users and projects to the exchange ecosystem.
Binance Alpha is a new service for Binance Wallet users that aims to point out newly added promising assets. The service comes a few months after the exchange entered the meme token space by adding relatively new assets. The wallet will be able to trade these early-stage tokens once they are available on the DEX. However, not all assets will be guaranteed to be listed. Binance Alpha will be available from December 18th, but some regions may be excluded. The exchange will offer batches of five tokens, with the first selections expected to be made daily. The release schedule for new batches of tokens will also be determined as the availability of the service expands.
Tokens on Binance Alpha will come with a Quick Buy button and automatic MEV protection to minimize hacks and slippage. Some tokens may only have DEX trading and will still require personal research before purchase. Tokens on Binance Alpha will appear in batches and will have 24-hour windows to explore or buy. The exchange advises users to back up their wallets before using the Quick Buy option. It will also provide pre-announcements for users to prepare for the next Alpha session.
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