Binance to Delist Multiple Spot Trading Pairs on July 12, 2024

Binance to Delist Multiple Spot Trading Pairs on July 12, 2024

Binance, a leading cryptocurrency exchange, has announced the removal of several spot trading pairs due to poor liquidity and trading volume. The delisting will take effect on July 12, 2024, at 03:00 UTC, according to a recent announcement.

Reason for Delisting

To ensure a high-quality trading environment, Binance conducts periodic reviews of all listed spot trading pairs. The decision to delist specific pairs is based on factors such as poor liquidity and low trading volumes. Binance aims to protect its users and maintain a robust trading market by removing underperforming pairs.

Impact on Users

Users who utilize Spot Trading Bots for the affected pairs are advised to update or cancel their bots before the cessation of services to avoid potential losses. The trading bots for these pairs will be terminated on July 12, 2024, at 03:00 UTC. Binance has urged users to take necessary actions to mitigate any adverse effects.

Precautionary Measures and Disclaimer

Binance also highlighted the importance of understanding the risks involved in digital asset trading. The exchange emphasized that digital asset prices are highly volatile, and users should be aware of the risks before investing. Binance disclaimed any liability for losses incurred and advised users to consult independent financial advisors if needed.

For more information, users are encouraged to refer to the original English version of the announcement, especially in cases where discrepancies may arise in translated versions.

Binance reserves the right to amend or cancel this announcement at any time without prior notice.

Image source: Shutterstock

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