A few $ADA and $XRP pairs are getting removed from Binance as trading volumes on centralized exchanges are plummeting
The move follows a recent pattern for Binance, which earlier delisted the SHIB/AUD trading pair. These decisions underscore the exchange's ongoing strategy to ensure a smooth trading experience for its users by phasing out underperforming trading pairs.
Despite these changes, users will still have the opportunity to trade these assets on other available pairs within the Binance platform. In the case of ADA, XRP and MATIC, this means that the digital assets will continue to be traded against other popular fiat currencies and cryptocurrencies. However, Binance's announcement also brings some consequences for those utilizing trading bots. The exchange will terminate trading bot services for the aforementioned trading pairs from the same date. Binance has strongly advised users who have employed trading bots on these pairs to update or cancel their bots before the services cease, to avoid any potential losses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tune In on May 30 to Binance Talks: Paying With Crypto | Binance BlogCrypto is changing financial systems around the world. We’ll be discussing how during BinanceTalks Paying with Crypto on May 30th. Get all the details of the online event, and where to register, here ⤵️
Read more »
Managing Risks: An In-Depth Look at Binance’s Platform Security | Binance BlogKeeping you safe as a Binance user is our top priority. To make sure that we do, we use a number of approaches for managing, identifying and eliminating risks. Learn all about these approaches in the blog below.
Read more »
Binance Tax Basics: Cost Basis and Wash Sale Rules | Binance BlogCalculating your crypto taxes on Binance? Then this guide is a must-read. Learn how to avoid tax mishaps by understanding cost basis and wash sale rules. Get started below.
Read more »
Binance Research: AI in Crypto – Exploring Use Cases and Possibilities | Binance BlogCould AI be the next catalyst for crypto adoption? The BinanceResearch team has put together a number of examples and insights to potentially find out. Get all the details here 👇
Read more »
Shop Till You Drop: Earn Crypto Cashback After Every Online Purchase With Binance Pay | Binance BlogBinance Pay partners with Picodi! From this partnership, you can now shop online at Picodi and secure up to 15% crypto cashback 🤝 Here's more on how to get started ⤵️
Read more »
Cardano’s Decentralization Will Be “Wake-Up Call” for Other Coins, Hoskinson SaysCharles Hoskinson, founder of Cardano, recently addressed the cryptocurrency community, predicting that Cardano's increasing decentralization will send a wake-up call to the entire industry
Read more »