Binance to Drop Nine Altcoin Pairs This Week

Binance Delists Nine Altcoin Pairs

Binance cryptocurrency exchange has announced it will delist nine altcoin spot trading pairs effective August 23, 2024, at 03:00 UTC. This move is part of Binance’s ongoing efforts to maintain a high-quality trading environment by evaluating the liquidity and volume thresholds of its listed trading pairs.

Affected Trading Pairs

According to Binance’s press statement, the following spot trading pairs will be removed:

• ARKM/TUSD
• CHZ/EUR
• ENA/EUR
• FIRO/BTC
• IOTA/FDUSD
• JOE/TRY
• OMNI/BNB
• REZ/BNB
• SUPER/FDUSD

This routine market quality assessment aims to protect users and uphold the integrity of the trading environment. Traders using these pairs should adjust their strategies and cancel or update any automated trades to prevent potential losses.

Impact on Users

Users affected by the delisting will need to modify their trading setups, as bot services for these pairs will also be terminated. However, the individual tokens will remain on the platform, allowing users to trade the base and quote assets on other available pairs at Binance.

Recent Developments at Binance

Despite the delisting, Binance has announced the introduction of new trading pairs and bot services for popular cryptocurrencies such as DOGE, MATIC, AAVE, NEAR, and TON, starting August 22, 2024. This update aims to enhance the trading experience by offering more options and flexibility for users.

Additionally, Binance will list Dogs (DOGS) as the 57th project on its launchpool, with trading set to begin on August 26, 2024. This Ton-based meme coin will be available in four trading pairs: USDT, BNB, FDUSD, and TRY. This new listing is expected to boost community engagement and provide additional trading opportunities.

Starting August 23, users can stake their BNB and FDUSD to farm DOGS tokens ahead of the official trading launch.

Binance’s Commitment to User Protection

Binance CEO Richard Teng recently highlighted the exchange’s success in protecting 1.2 million users from over $2.4 billion in potential losses due to crypto scams, underscoring the platform’s dedication to user safety and security.