Binance Removes 12 Trading Pairs – Major Updates Incoming

In the Web3 industry, staying up to date is crucial due to the sector’s rapid evolution and technological diversity. The constant changes and trends demand flexibility and vigilance from market participants. Gemhunt.net wants to share an important update regarding Binance, the world’s largest cryptocurrency exchange. Binance remains a leader in many key metrics, consistently outperforming other centralized exchanges.

Recently, Binance, the largest exchange by trading volume and user base, announced the delisting of 12 trading pairs. The pairs that will no longer be available to Binance users include BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BTC, NOT/BRL, PIXEL/BTC, TKO/BTC, and TWT/BTC.

According to Binance’s statement, the exchange regularly reviews all listed spot trading pairs. The delisting of certain pairs is due to factors such as low liquidity and insufficient trading volume. This approach allows the platform to focus liquidity on more in-demand pairs, thus improving the overall trading experience for users. It optimizes price discovery, reduces slippage, and enhances trading efficiency.

Gemhunt.net would also like to highlight that Binance has notified its users about discontinuing trading bots for the affected pairs. Users are advised to either update or disable their strategies in advance to prevent potential financial losses. The exchange emphasizes the importance of risk management for its users and routinely reminds them of these precautions.

It’s important to note that the removal of trading pairs from the spot list does not mean these assets are completely removed from the platform. Binance representatives have stated that users can still exchange the delisted assets for other tokens via the Binance Spot service. These changes are solely intended to improve trading conditions and optimize liquidity.

Additionally, Binance has recently experienced a significant increase in its spot trading volume. Over the past 24 hours, the volume reached $29,487,026,216.03 or 297,448 BTC, which is four times greater than the volumes of the following exchanges, Bybit and Coinbase.

Gemhunt.net also wants to remind everyone that security is paramount in the Web3 space. Always use advanced protection methods to safeguard your data and funds against fraudulent activities. While blockchain technologies present new opportunities, they also require responsibility and vigilance from every participant in the ecosystem.