- Binance continues to delist trading pairs from its platform, with 17 pairs announced yesterday and three more cryptocurrencies today.
- Trading pairs SNM/BTC, SNM/BUSD, SRM/BUSD, YFII/USDT will be removed from the platform starting from 6:00 AM (GMT) on August 22nd. All future orders will be automatically cancelled after the termination of these transactions.
- Deposits for these cryptocurrencies will cease from 6:00 AM (GMT) on August 23rd, while withdrawals will continue until 6:00 AM (GMT) on November 22nd.
Binance is persistently delisting trading pairs, with 17 pairs announced yesterday and three more cryptocurrencies today. The trading pairs SNM/BTC, SNM/BUSD, SRM/BUSD, YFII/USDT will be removed from the platform starting from 6:00 AM (GMT) on August 22nd. Deposits for these cryptocurrencies will cease from 6:00 AM (GMT) on August 23rd, while withdrawals will continue until 6:00 AM (GMT) on November 22nd.
Binance’s Ongoing Delisting Process
The cryptocurrency exchange Binance is continuing its process of delisting trading pairs. This move comes after the recent announcement of 17 pairs being removed from the platform. The latest announcement reveals that three more cryptocurrencies are set to follow suit. The decision is part of Binance’s ongoing efforts to streamline its platform and ensure a high-quality trading experience for its users.
Details of the Delisting
According to the announcement, the trading pairs SNM/BTC, SNM/BUSD, SRM/BUSD, YFII/USDT will be removed from the platform starting from 3:00 AM (GMT Time) on August 22nd. Following the termination of these transactions, all future orders associated with these pairs will be automatically cancelled. This move is expected to have a significant impact on the trading activities of these cryptocurrencies on the platform.
Impact on Deposits and Withdrawals
Furthermore, the announcement also detailed the changes to the deposit and withdrawal activities of these cryptocurrencies. Starting from 6:00 AM (GMT) on August 23rd, deposits for these cryptocurrencies will be halted. However, users will still be able to withdraw these cryptocurrencies until 6:00 AM (GMT) on November 22nd. This extended withdrawal period is likely to provide users with sufficient time to adjust their holdings accordingly.
Conclusion
In conclusion, Binance’s ongoing delisting process is indicative of the platform’s commitment to providing a streamlined and high-quality trading experience for its users. While the removal of these trading pairs may impact some users, the extended withdrawal period should provide ample time for necessary adjustments. As Binance continues to refine its platform, users can expect further changes and improvements in the future.
