On Friday, the Binance cryptocurrency exchange announced removing specific spot trading pairs, including XRP, ETH, ADA, MATIC, SOL, and 15 other crypto in Russian Ruble (RUB) pairs.
The official declaration on November 17 states that on November 20, cryptocurrency exchange Binance will remove and cease trading numerous cryptocurrencies in Russian Ruble (RUB) pairs.
DOT/RUB, ADA/RUB, BNB/RUB, BUSD/RUB, XRP/RUB, LTC/RUB, MATIC/RUB, and SOL/RUB are among the significant spot trading pairs that Binance will eliminate.
Binance intends to entirely withdraw from Russia and cease accepting deposits denominated in Russian rubles. Recently, Binance and CommEX agreed to sell the totality of Binance’s Russia operations.
ALGO/RUB, ARB/RUB, ARKM/RUB, ARPA/RUB, NEAR/RUB, and WLD/RUB are additional cryptocurrencies.
Binance stated, “To safeguard its users and uphold the integrity of the trading market, it periodically evaluates all listed spot trading pairs. Delisting certain spot trading pairs may occur for various reasons, including inadequate liquidity and trading volume.”
As of November 20 at 03:00 UTC, spot trading for the above cryptocurrencies will no longer be possible. Nonetheless, spot trading for these cryptocurrencies in other pairs remains possible.
Delisting of Major Pairs by Binance
Binance continues to remove significant cryptocurrency pairings in response to increased scrutiny and regulatory obstacles. Additionally, the exchange is delisting BUSD stablecoin pairs gradually so that support will cease in February 2024.
Before this, the exchange had eliminated several significant liquidity pools, including those for Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), BNB, Cardano (ADA), Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB).
In addition to Dogecoin (DOGE), Cardano (ADA), Polygon (MATIC), Avalanche (AVAX), Bitcoin Cash (BCH), Chainlink (LINK), and Shiba Inu (SHIB), the cryptocurrency exchange also delisted LUNA and LUNC in BUSD margin trading pairs.