Binance to Delist ALGO, SXP, and Other Trading Pairs; Lists 1000SATS and IO

  • Binance, the world’s largest cryptocurrency exchange, has made new announcements regarding the delisting and listing of certain altcoins.
  • This includes changes affecting trading pairs for ALGO, DYM, SXP, TUSD, 1000SATS, and IO.
  • For example, Binance will be delisting pairs like ALGO/ETH and introducing new pairs such as 1000SATS/USDC.

Discover the latest updates from Binance on altcoin trading pairs, including both delistings and new listings, to stay informed about market changes.

Binance Announces Delistings and New Listings

Binance has announced a significant update involving the delisting of certain trading pairs and the introduction of new ones. This decision is part of Binance’s ongoing effort to protect users and maintain a high-quality trading environment. The exchange routinely reviews its spot trading pairs and removes those that suffer from poor liquidity and low trading volume.

Details on the Delistings

As a result of their latest review, Binance will delist the following spot trading pairs: ALGO/ETH, DYM/FDUSD, and SXP/BNB. The delisting will take effect at 03:00 UTC on July 12, 2024. In addition, Binance Margin will remove TUSD from Cross and Isolated Margin trading pairs BTC/TUSD and TUSD/USDT starting from 06:00 UTC on July 24, 2024.

New Listings to Enhance Trading Options

Conversely, in an effort to broaden the range of trading options available on Binance Spot, the exchange will list new pairs: 1000SATS/USDC and IO/USDC. Trading for these pairs will begin at 08:00 UTC on July 12, 2024. To further enhance the user experience, Binance will also enable Trading Bot services for these new trading pairs starting at the same time.

Conclusion

These updates from Binance indicate an ongoing commitment to providing users with robust and diverse trading options. By delisting pairs with low liquidity and offering new trading opportunities, Binance aims to ensure a balanced and efficient market environment. Traders should stay informed about these changes to optimize their trading strategies.

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Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
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