Binance to Delist Several Spot Trading Pairs Including ALGO, CHR, DGB, and GMX
Luisa Crawford Oct 23, 2024 08:48
Binance announces the removal of spot trading pairs ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC to maintain market quality. Trading bot services will also be terminated.
Binance, a leading cryptocurrency exchange, has announced the removal of several spot trading pairs as part of its ongoing efforts to maintain a high-quality trading environment. The exchange will cease trading for the ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC pairs, effective from October 25, 2024, at 03:00 UTC, according to Binance.
Factors Behind the Delisting
The decision to delist these trading pairs follows a periodic review conducted by Binance, which considers various factors such as liquidity and trading volume. The exchange emphasized that the removal of these pairs is aimed at protecting users and ensuring a high-quality trading market.
Implications for Users
In conjunction with the removal of these trading pairs, Binance will also terminate its Spot Trading Bots services for the affected pairs at the same time. Users are advised to update or cancel their Spot Trading Bots to prevent potential losses.
Additional Information
Binance has cautioned users about potential discrepancies between the English version of the announcement and its translations, urging them to refer to the English version for the most accurate information. The company also reserves the right to amend or cancel the announcement at any time without prior notice.
This move is part of Binance's broader strategy to periodically review and optimize its offerings, ensuring they align with the dynamic nature of the cryptocurrency market and user needs.
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