Binance Says Goodbye to Certain Spot Trading Pairs: What You Need to Know

Vikrant Shetty

July 4, 2024

12:33 pm

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.

Vikrant Shetty

July 4, 2024

12:33 pm

Related Articles

The Day CrowdStrike Broke the Internet: Why China Was Largely Unaffected

July 23, 2024

On a day that cybersecurity firm CrowdStrike experienced a major disruption, resulting...

Read More

Google Scraps Plan to Remove Cookies from Chrome: What This Means for Privacy and Digital Advertising

July 23, 2024

In a notable shift in its privacy strategy, Google has announced that...

Read More

Understanding Large Language Models: They Don’t Behave Like People

July 23, 2024

In recent years, large language models (LLMs) like GPT-4 have made significant...

Read More