Binance to Delist Multiple Spot Trading Pairs on July 12, 2024

Binance,
a
leading
cryptocurrency
exchange,
has
announced
the
removal
of
several
spot
trading
pairs
due
to
poor
liquidity
and
trading
volume.
The
delisting
will
take
effect
on
July
12,
2024,
at
03:00
UTC,
according
to
a
recent

announcement.

Reason
for
Delisting

To
ensure
a
high-quality
trading
environment,
Binance
conducts
periodic
reviews
of
all
listed
spot
trading
pairs.
The
decision
to
delist
specific
pairs
is
based
on
factors
such
as
poor
liquidity
and
low
trading
volumes.
Binance
aims
to
protect
its
users
and
maintain
a
robust
trading
market
by
removing
underperforming
pairs.

Impact
on
Users

Users
who
utilize
Spot
Trading
Bots
for
the
affected
pairs
are
advised
to
update
or
cancel
their
bots
before
the
cessation
of
services
to
avoid
potential
losses.
The
trading
bots
for
these
pairs
will
be
terminated
on
July
12,
2024,
at
03:00
UTC.
Binance
has
urged
users
to
take
necessary
actions
to
mitigate
any
adverse
effects.

Precautionary
Measures
and
Disclaimer

Binance
also
highlighted
the
importance
of
understanding
the
risks
involved
in
digital
asset
trading.
The
exchange
emphasized
that
digital
asset
prices
are
highly
volatile,
and
users
should
be
aware
of
the
risks
before
investing.
Binance
disclaimed
any
liability
for
losses
incurred
and
advised
users
to
consult
independent
financial
advisors
if
needed.

For
more
information,
users
are
encouraged
to
refer
to
the
original
English
version
of
the
announcement,
especially
in
cases
where
discrepancies
may
arise
in
translated
versions.

Binance
reserves
the
right
to
amend
or
cancel
this
announcement
at
any
time
without
prior
notice.

Image
source:
Shutterstock