The week has seen Binance in the news for multiple reasons. It eliminated 2.1 million tokens in its quarterly burn, halted U.K. registrations, and Binance.US stopped direct withdrawals of U.S. dollars from the platform. Now, the exchange has shuffled its multiple trading pairs list with some additions and deletions.
Delisting Of Multiple Trading Pairs
Binance Margin in its official company statement announced the delisting of multiple trading pairs which includes cross-margin and isolated margin pairs like TRX/BUSD, ATOM/BUSD, HBAR/BUSD, LDO/BUSD, and LEVER/BUSD, among many others. The effective date for delisting is Oct. 26, 2023, wherein the exchange will close users’ positions, conduct an automatic settlement, and cancel all pending orders.
The exchange notified users that they should not update their positions during the delisting process. They will still be able to trade the assets on other trading pairs available on Binance Margin.
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Meanwhile, the exchange will suspend isolated margin borrowing on the above-mentioned pairs from Oct.20, 2023.
Read Next: Binance.US Changes Terms: No More Direct Withdrawals Of US Dollars From Platform
New Trading Pairs
Separately, Binance added new trading pairs with FDUSD stablecoin and Turkish lira (TRY) – Polygon MATIC/USD, Bitcoin Cash BCH/USD, Avalanche AVAX/USD and Cosmos ATOM/USD. Effective Oct.19, 2023, spot trading for ATOM/FDUSD, AVAX/FDUSD, BAND/TRY, BCH/FDUSD, LOOM/TRY, and MATIC/FDUSD will commence.
The current FDUSD market cap stands at $474.5 million with the past 24-hours trading volume at $1.6 billion, based on CoinGecko data.
Also Read: BNB Token Price Rises As Binance Eliminates 2.1M Tokens In Its Quarterly Burn
The exchange also added trading bots’ services on Binance Spot - Spot Grid and Spot DCA Trading Bots services for NTRN/USDT and PENDLE/USDT trading pairs.
Binance is currently in a legal tussle with the U.S. SEC as the lawsuit against it includes 13 securities law breaches including fund diversion, and inflated trading volumes. Binance recently stopped new user registrations in the U.K.
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