Binance Set to Delist Nine Crypto Pairs: What’s Next?

• Binance, the world’s largest cryptocurrency exchange, is set to delist nine crypto pairs from its leveraged trading platform.
• All pairs will be delisted in the BUSD pair, which had its issuance halted last year.
• The affected crypto pairs can still be used in other trading pairs.

In a recent move, Binance, the leading cryptocurrency exchange, is preparing to remove nine crypto pairs from its leveraged trading offerings. This action will be specifically targeted at the BUSD pair, whose issuance was discontinued in the previous year. However, it’s important to note that these cryptocurrencies will remain available for use in other trading pairs.

Binance’s Delisting Strategy

Known as the largest crypto exchange globally, Binance has recently been implementing a rigorous delisting policy. This latest move is part of that strategy, with the exchange set to delist nine crypto pairs from its leveraged trading platform. The affected pairs include AMB/BUSD, DASH/BUSD, FIDA/BUSD, HARD/BUSD, HOT/BUSD, IOST/BTC, NULS/BUSD, PORTO/BUSD, and REQ/BUSD. The delisting will take effect on September 7th at 9 am Turkish Standard Time.

Impact on BUSD Trading

The delisting will specifically impact the BUSD pair. This pair had its issuance halted last year, and now, all the aforementioned crypto pairs will be delisted from it. This action is expected to have significant implications for traders who have been using these pairs for leveraged trading on the platform. However, Binance has not provided any specific reasons for this decision.

Continued Use of Affected Cryptocurrencies

Despite the delisting, it’s important to note that the affected cryptocurrencies will not be entirely removed from the platform. They will still be available for use in other trading pairs. This means that traders can continue to trade these cryptocurrencies, albeit not in the BUSD pair. It’s a crucial detail that could potentially mitigate the impact of the delisting on the overall trading activities on the platform.

Conclusion

In conclusion, while Binance’s decision to delist nine crypto pairs from its leveraged trading platform may impact some traders, the continued availability of these cryptocurrencies in other trading pairs provides some relief. It remains to be seen how this move will affect the overall trading dynamics on the platform and the broader crypto market.