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Binance Issues Notice on Delisting Certain Trading Pairs

Binance announced that it has decided to delist certain trading pairs.Users will be able to trade the delisted assets on other trading pairs that are available.The exchange...
Binance Issues Notice on Delisting Certain Trading Pairs Binance Issues Notice on Delisting Certain Trading Pairs
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  • Binance announced that it has decided to delist certain trading pairs.
  • Users will be able to trade the delisted assets on other trading pairs that are available.
  • The exchange platform has also decided to donate $1 billion to keep the industry afloat.

Biggest crypto exchange Binance officially announced on its website that they have decided to delist certain trading pairs from its platform from November 28.

The Chinese media company, Wu Blockchain, shared the details in a tweet:

According to the announcement, Binance will delist ARK/BTC, BEAM/BTC, BTCST/BTC, BTCST/USDT, GTO/BTC, GTO/USDT, MITH/BTC, MITH/BNB, PERL/BTC, PNT/BTC, REP/BTC, SRM/BNB, SRM/BTC, SRM/USDT, TRIBE/USDT, and XEM/BTC.

However, users will still be able to trade the above assets on other trading pairs that are available on Binance. According to the disclaimer by the exchange, users are advised to update their trading strategies prior to the termination of strategy trading services to avoid any potential losses.

Binance stated that they would terminate the services for the trading pairs on November 28, at around 3:00 UTC.

In other news, in the aftermath of FTX’s bankruptcy, Binance on Thursday provided additional information on its industry recovery fund, which intends to support the suffering users. Binance said it would first donate $1 billion to the recovery fund.

Furthermore, Binance also noted that if the need further persists, then it may eventually boost that sum to $2 billion. Additionally, investment companies focused on crypto including Jump Crypto, Polygon Ventures, and Animoca Brands have committed $50 million to the project. The CEO of Binance, Changpeng Zhao, said the funds provided are aimed to keep the crypto market afloat after Sam Bankman-Fried filed for chapter 11 bankruptcy after citing liquidity crises

The post Binance Issues Notice on Delisting Certain Trading Pairs appeared first on Coin Edition.

See original on CoinEdition

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08-12-2022 15:26:26 (UTC+7)

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1.0515

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1.2193

-0.0006 (-0.05%)

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136.85

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0.6719

-0.0002 (-0.03%)

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1.3673

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    EUR/USD 1.0515 ↑ Sell  
    GBP/USD 1.2193 ↑ Sell  
    USD/JPY 136.85 ↑ Buy  
    AUD/USD 0.6719 ↑ Sell  
    USD/CAD 1.3673 ↑ Buy  
    EUR/JPY 143.91 Neutral  
    EUR/CHF 0.9887 Sell  
    Gold 1,794.85 ↑ Sell  
    Silver 22.900 ↑ Sell  
    Copper 3.8635 ↑ Sell  
    Crude Oil WTI 72.47 ↑ Sell  
    Brent Oil 77.49 ↑ Sell  
    Natural Gas 5.803 ↑ Sell  
    US Coffee C 160.00 Neutral  
    Euro Stoxx 50 3,919.35 ↑ Sell  
    S&P 500 3,933.92 ↑ Buy  
    DAX 14,253.95 Sell  
    FTSE 100 7,468.83 ↑ Sell  
    Hang Seng 19,427.00 ↑ Sell  
    Small Cap 2000 1,806.90 ↑ Buy  
    IBEX 35 8,277.59 ↑ Sell  
    BASF 47.13 ↑ Sell  
    Bayer 52.68 ↑ Sell  
    Allianz 203.83 ↑ Sell  
    Adidas 116.9 ↑ Sell  
    Lufthansa 7.672 ↑ Sell  
    Siemens AG 132.9 ↑ Sell  
    Deutsche Bank AG 9.950 ↑ Sell  
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