Binance has taken action to protect users and ensure a quality trading market. To this end, it periodically reviews its spot trading pairs. It may delist some pairs based on factors such as low liquidity or trading volume. In the latest announcement, the coins affected by this delist process were PEPE coin, DCR and ZEN. Here are the details
Binance delists PEPE coin and trading pair in these cryptos
Binance, the world’s largest Bitcoin and altcoin exchange with daily trading volume, is on the agenda with a new announcement. It announced that it will remove several trading pairs from its spot platform. The exchange stated that it periodically reviews all listed spot trading pairs to protect users and maintain a high-quality trading market. Therefore, it may delist selected spot trading pairs due to various factors such as low liquidity and trading volume. The exchange stated the following:
Based on our latest reviews, Binance will delist and stop trading the following spot trading pairs:
December 13, 2024, 06:00 a.m: DCR/BTC, PEPE/TUSD, ZEN/ETH
Other pairs unaffected
The delisting of a spot trading pair does not affect the availability of tokens on Binance Spot. Users continue to trade on the basis of the spot trading pair. In particular, they can continue to trade assets in other trading pair(s) available on Binance. Binance will discontinue Spot Trading Bots services for the spot trading pairs mentioned in this article, where applicable, on the same date as the delist. The exchange recommends that users take action before Spot Trading Bots services are discontinued to avoid potential losses. In particular, they are strongly advised to update and/or cancel their Spot Trading Bots.
Critical partnership from Binance
Meanwhile, the exchange recently announced a critical partnership. As Kriptokoin.com reported, Circle and Binance announced a strategic partnership to expand USDC adoption, increase crypto usage, and support global financial system innovation. Circle and Binance announced their plans during Abu Dhabi Finance Week. With Binance’s 240 million users, the collaboration aims to integrate USDC into trading, savings and payment services.
Circle will provide Binance with cutting-edge technology and liquidity tools to support trust and innovation for USDC. Both firms aim to build relationships across global finance to make stablecoins more accessible to companies exploring crypto infrastructure. Jeremy Allaire praised Binance as a leading force in the cryptoassets space, highlighting the transformative potential of this partnership.
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