Influencing BETA, SEI and TIA, Binance to Delist Multiple Spot Trading Pairs on June 21, 2024
Ted Hisokawa Jun 19, 2024 06:44
Binance announces the removal of several spot trading pairs due to poor liquidity and trading volume, effective June 21, 2024.
In a recent announcement, Binance, a leading cryptocurrency exchange, revealed its decision to delist BETA/BTC, SEI/TUSD, TIA/TUSD spot trading pairs. This move comes as part of the platform's ongoing efforts to protect users and maintain a high-quality trading market. The delisting is scheduled for June 21, 2024, according to Binance.
Reasons for Delisting
Binance conducts periodic reviews of all listed spot trading pairs. The decision to remove certain pairs is based on multiple factors, including poor liquidity and low trading volume. These reviews are essential to ensure that the trading pairs available on the platform meet the necessary standards for user protection and market integrity.
Impact on Users
The announcement also highlighted that the Spot Trading Bots services for the affected pairs would be terminated at 03:00 (UTC) on June 21, 2024. Users are strongly advised to update or cancel their Spot Trading Bots before the cessation to avoid potential losses.
Additional Information
Binance has noted that there may be discrepancies in translated versions of this announcement. Therefore, users are encouraged to refer to the original English version for the most accurate information.
For more details, you can visit the official announcement on Binance's website.
Binance reserves the right to amend or cancel this announcement at any time without prior notice. Users are reminded that digital asset prices are subject to high market risk and price volatility. Investment decisions should be made carefully, considering one's financial situation and investment objectives.
Image source: Shutterstock