Binance Announces Delisting of BNB And TUSD Spot Trading Pairs

Recent actions taken by Binance include the delisting of a number of spot trading pairs that quote in BNB and TUSD.

Binance, the preeminent cryptocurrency exchange, has declared the elimination of several spot trading pairs in an effort to preserve market quality and safeguard its users. As quote currencies, the delisting impacts spot trading pairs involving Binance Coin (BNB) and Justin Sun’s TrueUSD (TUSD). 

Binance Commence Delisting

The scheduled effective date of the delisting is March 15, 2024, at 03:00 a.m. UTC. The most recent announcement lists ARPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD, and PENDLE/TUSD as the spot trading pairs that have been impacted. In addition, Binance cited low liquidity and trading volume as contributing factors to the removal of these pairs. 

It is essential to note, however, that the delisting of these spot trading pairs has no bearing on the tokens’ availability on Binance Spot. Additionally, these pairs’ base and quote assets will continue to be tradeable on the platform for other trading pairs. 

Concurrently, Binance will also cease providing Spot Trading Bots services for the previously mentioned spot trading pairs. It is highly recommended that users who employ these programs update or terminate their services before the termination to prevent potential losses. 

New Spot Trading Pairs 

In addition, Binance has expanded its offerings by introducing new trading pairs and trading automation services. XRP, Dogwifhat (WIF), Floki (FLOKI), Near (NEAR), The Graph (GRT), and Synthetix (SNX) are all impacted by the action. Binance will initiate trading on several new pairs on March 13 at 08:00 UTC, including FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY. 

These enhancements expand the trading opportunities available to users, enabling them to add variety to their investment portfolios through the exchange of well-known tokens for fiat currencies.

In addition, Binance is preparing to introduce Trading Bots services for a limited number of trading pairs. Spot Algo Orders for FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY will be available in the initial implementation. 

In addition, Spot Grid and Spot DCA Services are forthcoming on Binance for the WIF/USDT and XRP/FDUSD pairs. Furthermore, the CEX introduced Rebalancing Bot services designed exclusively for WIF/USDT trading.

By providing automated trading strategies, this action is intended to improve the trading experience for customers by allowing them to execute transactions more efficiently and effectively.