Binance Removes BNB/UAH and ETH/UAH Trading Pairs

The leading global crypto exchange Binance has announced the removal of key trading pairs involving Binance Coin (BNB) and Ethereum (ETH).

Binance, the leading global cryptocurrency exchange, is removing several key trading pairs, including those involving Binance Coin (BNB) and Ethereum (ETH), from its platform.

The exchange will cease trading for BNB/UAH and ETH/UAH pairs on February 28, 2025, at 12:00 (Paris time). This move has triggered concerns about potential price volatility, especially as the broader crypto market faces turbulence.

Why Is Binance Delisting These Pairs?

Binance frequently reviews its trading pairs to ensure market stability and high-quality trading conditions. According to the exchange’s latest announcement, they are delisting BNB/UAH and ETH/UAH due to weak liquidity and trading activity.

This lack of activity is attributed to low trading pairs and overall trading volume, impacting the efficiency of the trading pairs. Binance clarified that users can still trade BNB and ETH with other pairs on the platform, but these specific pairs will no longer be available.

The exchange also warned users that its Spot Trading Bots services for these pairs would be terminated on the same date. Traders relying on automated strategies must update or cancel their bots before the cutoff to prevent financial losses.

Binance Delisting Impact On BNB & ETH

The delisting of a trading pair, especially by the leading crypto exchanges like Binance, often raises concerns about price stability. While the removal of BNB/UAH and ETH/UAH may not directly impact global trading, it does indicate a weakening demand for these assets in the Ukrainian market.

If traders react negatively, it could trigger short-term price fluctuations for both BNB and ETH. Additionally, the crypto market has recently faced a significant downturn, with major assets struggling to maintain support levels.

This latest move by Binance might further impact investor sentiment, particularly for traders focusing on BNB and ETH.

What Traders Should Watch Next?

Investors should focus on the following aspects with this latest delisting announcement from Binance: