Influencing CAKE,DYDX and LAZIO, Binance Announces Removal of Spot Trading Pairs

In
a
move
to
ensure
a
high-quality
trading
environment,
Binance
is
set
to
delist
and
cease
trading
on
multiple
spot
trading
pairs,
including
CAKE/TUSD,
DYDX/BNB,
LAZIO/BTC,
according
to
an
announcement
from
the
exchange
on
May
29,
2024.

Periodic
Reviews
for
Market
Quality

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
conducts
regular
assessments
of
all
its
listed
spot
trading
pairs.
These
evaluations
are
designed
to
safeguard
users
and
uphold
the
integrity
of
the
trading
market.
The
exchange
may
opt
to
delist
pairs
with
poor
liquidity
and
trading
volume
as
part
of
this
process.

The
latest
review
has
led
to
the
decision
to
remove
several
spot
trading
pairs,
though
the
specific
pairs
were
not
listed
in
the
announcement.
The
delisting
process
is
scheduled
to
be
completed
by
May
31,
2024.

Impact
on
Spot
Trading
Bots

As
part
of
the
delisting
process,
Binance
will
also
terminate
Spot
Trading
Bots
services
for
the
affected
pairs
at
03:00
(UTC)
on
May
31,
2024.
Users
who
employ
these
bots
are
strongly
advised
to
update
or
cancel
their
active
bots
to
avoid
potential
losses.

Binance
emphasized
the
importance
of
referencing
the
original
English
version
of
the
announcement
for
the
most
accurate
information,
as
there
could
be
discrepancies
in
translated
versions.

User
Guidance
and
Disclaimers

The
announcement
included
several
disclaimers,
reminding
users
of
the
inherent
risks
associated
with
digital
asset
trading.
Binance
highlighted
that
the
value
of
investments
could
fluctuate
significantly,
and
users
should
only
invest
in
products
they
fully
understand.
The
exchange
advised
consulting
with
independent
financial
advisors
before
making
investment
decisions.

Binance
retains
the
right
to
amend
or
cancel
the
announcement
at
any
time
without
prior
notice,
reiterating
the
importance
of
staying
updated
with
the
latest
information
directly
from
the
platform.

Image
source:
Shutterstock

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