Attention crypto traders! Binance has announced the removal of several spot trading pairs effective July 5, 2024, at 3:00 UTC. This means you won’t be able to directly trade these specific cryptocurrencies against their designated quote currencies on the Binance platform.
Here’s a rundown of the affected trading pairs:
- AI/TUSD
- BTC/AEUR
- CHR/BNB
- ETH/AEUR
- GAS/FDUSD
- LQTY/FDUSD
Why is Binance Delisting These Pairs?
Binance conducts regular reviews of all listed spot trading pairs. They typically delist pairs with low liquidity and trading volume. This ensures a healthy and efficient trading experience for users by focusing on assets with a more established market presence.
What Does This Mean for You, the Trader?
If you currently hold any of the delisted assets, don’t panic! Here’s what you can do:
- Sell Your Holdings: You can still sell your delisted assets on Binance using other available trading pairs. For instance, if you hold AI tokens (AI), you can explore selling them against a different quote currency like USDT (Tether) or BUSD (Binance USD) if those pairs are still available.
- Transfer Your Assets: You can transfer your delisted holdings to a different crypto exchange that still offers trading for those specific pairs. However, be sure to research and compare fees and security measures before transferring your assets.
- Hold Onto Your Assets: If you believe in the long-term potential of the delisted assets, you can simply hold them in your Binance wallet. The underlying value of the assets themselves isn’t affected by the delisting on this particular exchange.
