Binance to Delist Multiple Spot Trading Pairs Including ALCX/BTC and BCH/TUSD

Binance,
a
leading
cryptocurrency
exchange,
has
announced
the
removal
of
several
spot
trading
pairs,
effective
from
August
30,
2024.
This
move
is
part
of
Binance’s
periodic
review
process
aimed
at
maintaining
a
high-quality
trading
market,
according
to
an

official
announcement.

Details
of
the
Delisted
Pairs

Based
on
the
latest
reviews,
Binance
will
cease
trading
on
the
following
pairs:

• ALCX/BTC
• BCH/TUSD
• CHZ/BRL
• ETHFI/BNB
• OMNI/BRL

The
delisting
will
take
place
at
03:00
(UTC)
on
August
30,
2024.
Users
are
advised
to
update
or
cancel
their
Spot
Trading
Bots
for
these
pairs
to
avoid
potential
losses.

Impact
and
Recommendations

Binance
will
also
terminate
Spot
Trading
Bots
services
for
the
aforementioned
pairs
at
the
same
time.
Users
should
take
immediate
action
to
adjust
their
trading
bots
accordingly.
Binance
emphasized
the
importance
of
cancelling
or
updating
these
bots
to
prevent
any
unintended
trading
activities
that
might
lead
to
financial
losses.

This
decision
is
influenced
by
factors
such
as
poor
liquidity
and
low
trading
volume,
which
can
affect
the
overall
trading
environment.
Binance’s
continuous
efforts
to
review
and
manage
its
listed
pairs
aim
to
protect
users
and
ensure
a
stable
trading
market.

Regulatory
Compliance
and
Disclaimers

The
announcement
also
includes
a
disclaimer
that
digital
asset
prices
are
subject
to
high
market
risk
and
price
volatility.
Binance
advises
users
to
carefully
consider
their
investment
experience,
financial
situation,
investment
objectives,
and
risk
tolerance
before
engaging
in
trading
activities.
The
exchange
also
reserves
the
right
to
amend
or
cancel
the
announcement
at
its
discretion.

Additionally,
Binance
notes
compliance
with
the
Markets
in
Crypto-Assets
(MiCA)





regulation,
which
imposes
certain
restrictions
on
unauthorized
stablecoins
for
users
in
the
European
Economic
Area
(EEA)
from
June
30,
2024.

For
more
information,
refer
to
the

official
announcement
on
the
Binance
website.

Image
source:
Shutterstock