Binance Delists BTC and TUSD Trading Pairs, Expands Globally

Binance, a leading cryptocurrency exchange, has announced the delisting of three spot trading pairs involving Bitcoin (BTC) and TrueUSD (TUSD) as base assets. The decision, effective on May 17, aims to safeguard users and maintain market quality. Despite the delisting, users can still trade the individual assets in other available trading pairs. Binance's ongoing expansion includes supporting new tokens and venturing into new markets, such as India and Thailand.

Binance Announces Delisting of Trading Pairs Involving Bitcoin and TrueUSD

In a move designed to enhance user protection and maintain market integrity, Binance, a leading cryptocurrency exchange, has announced the delisting of three spot trading pairs that utilize Bitcoin (BTC) and TrueUSD (TUSD) as base assets.

Delistings to Commence on May 17

Effective from 03:00 UTC on May 17, the following trading pairs will be removed from Binance's platform:

• CFX/TUSD
• CHESS/BTC
• ORDI/TUSD

The decision to delist these pairs stems from Binance's ongoing internal reviews, which aim to ensure the quality and safety of its trading ecosystem.

Availability of Base Assets Unaffected

While the delisting of these specific trading pairs will take effect, Binance emphasizes that the availability of the base assets remains unaffected. Users will continue to have the option to trade Bitcoin and TrueUSD on other available trading pairs.

"The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot," the exchange clarified.

Ongoing Crypto Market Dynamics

The announcement of these delistings coincides with a period of relative sideways movement in the cryptocurrency market. Bitcoin, the dominant cryptocurrency by market capitalization, has been trading within a narrow range, currently hovering around $62,000.

According to technical analyst Rekt Capital, Bitcoin is currently undergoing a re-accumulation phase, suggesting that the post-halving "Danger Zone" has come to an end.

Binance's Global Expansion

Despite the delistings, Binance continues to expand its offerings and solidify its presence in the global cryptocurrency landscape. Recently, the exchange has listed new tokens such as PEPE, WIF, and WLD.

Last week, Binance announced its successful registration with the Financial Intelligence Unit of India (FIU-IND), marking its re-entry into the Indian market after facing regulatory hurdles.

Additionally, Binance has obtained a license from Dubai's Virtual Assets Regulatory Authority (VARA), enabling it to operate in the United Arab Emirates.

Binance Thailand Joint Venture

Earlier this year, Binance launched Binance Thailand, a joint venture with Gulf Innova, a subsidiary of Gulf Energy Development. Binance Thailand provides a platform for digital asset trading with Thai baht trading pairs.

Conclusion

Binance's decision to delist certain trading pairs is aligned with its commitment to user protection and market integrity. While the impact of these delistings on the affected cryptocurrencies remains to be seen, Binance's ongoing expansion and diversification efforts underscore its position as a major player in the global cryptocurrency ecosystem.