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Cryptocurrency News Articles
Binance Will Terminate Trading Services for Six Cryptocurrency Pairs on July 5
Jul 04, 2024 at 02:27 am
The world's largest cryptocurrency exchange – Binance – will terminate trading services for the following six pairs: BTC/AEUR, ETH/AEUR,AI/TUSD, CHR/BNB, GAS/FDUSD, and LQTY/FDUSD.
Binance, the world’s leading cryptocurrency exchange, will discontinue trading services for the following six pairs: BTC/AEUR, ETH/AEUR,AI/TUSD, CHR/BNB, GAS/FDUSD, and LQTY/FDUSD. The amendments will take effect on July 5.
The company did not specify the precise reason for the delisting effort but noted that it periodically reviews all listed spot trading pairs and removes some based on factors such as poor liquidity.
The majority of the affected cryptocurrencies are experiencing losses today (July 3). Their poor performance aligns with the sector’s overall decline. According to CoinGecko's data, the global crypto market capitalization is currently hovering around $2.35 trillion, a 3.5% decrease compared to the previous day.
As CryptoPotato reported, Bitcoin’s (BTC) price retraced toward the $60K mark, while Ethereum (ETH) dipped to approximately $3,300.
In contrast to halting services for some existing trading pairs, Binance recently added a few new ones to its platform. WIF/BRL, ZK/USDC, and ZRO/USDC were included in Binance Spot. However, it’s important to note that the service is not available to all clients:
“Currently, users residing in the following countries or regions will not be able to trade the above-mentioned spot trading pair(s): Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America, and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.”
The exchange has been making numerous similar changes since the beginning of the year. Last month, it ceased trading services for the following pairs: ALPACA/BTC, NFP/TUSD, MDX/BTC, QUICK/BTC, and XAI/BNB.
A few months prior, Binance terminated all operations involving Monero (XMR). The move was followed by a price crash for the popular privacy coin.
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