Summary
- Binance will stop trading six pairs including btc/AEUR and eth/AEUR starting July 5, possibly due to poor liquidity or other factors.
- Despite delisting some pairs, the company has added new ones such as WIF/BRL and ZK/USDC, although these are not available to users in certain restricted regions.
Binance's latest move
The world's largest cryptocurrency exchange, Binance, will be… Finish Trading services for the following six pairs: btc/AEUR, eth/AEUR, ai/TUSD, CHR/BNB, GAS/FDUSD and LQTY/FDUSD. The changes will take effect on July 5.
The company Did not provide an exact reason for the delisting effort, noting that it periodically reviews all listed spot trading pairs and removes some in case of poor liquidity or other factors.
Most of the The affected cryptocurrencies are in the red today (July 3). Their poor performance coincides with the general decline of the sector. According to data from CoinGecko, the global cryptocurrency market capitalization currently stands at around $2.35 trillion, a drop of 3.5% compared to the figure seen the previous day.
As Cryptopotato reportedbitcoin (btc) price retreated towards the $60K mark, while ethereum (eth) fell to around $3,300.
As opposed to stopping services for some Existing trading pairs, Binance recently including Some new ones on their platform: WIF/BRL, ZK/USDC and ZRO/USDC They were added a Binance Spot. It should be noted that the service is not available to all clients:
“Currently, users residing in the following countries or regions will not be able to conduct business transactions with place mentioned above Trading pair(s): Canada, Cuba, Crimea region, Iran, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, US Virgin Islands) and any area not controlled by the government of Ukraine.”
Previous Binance Announcements
The exchange has implemented numerous similar changes since the beginning of the year. Last month, dismissed Trading services with the following pairs: ALPACA/btc, NFP/TUSD, MDX/btc, QUICK/btc and XAI/BNB.
A few months earlier, Binance ended all operations involving Monero (XMR). The movement was Following due to a price drop of the popular privacy coin.
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