Tokenize Xchange will delist Balancer (BAL) trading pairs

Tokenize Xchange will delist Balancer (BAL) trading pairs on April 15th at 6:00 AM UTC.

output: Balancer (BAL) tokens are set to be delisted by TokenXchange at 6:00 AM UTC on April 15th.

Announced via Twitter, the cryptocurrency exchange will be removing Balancer trading pairs from its platform.

The move comes after the cryptocurrency exchange disclosed on March 30th that it would be suspending cryptocurrency withdrawals and pay-ins via SEPA Credit Transfer.

In a follow-up announcement on April 12th, TokenXchange revealed that it would only be keeping cryptocurrency trading pairs that are available for deposits and withdrawals.

After the dust settles, the cryptocurrency exchange will remain operational with reduced services.

Its members will then receive an email with further details.

The Balancer (BAL) token is used for a decentralized exchange protocol that is designed to provide superior liquidity and flexibility.

The protocol permits users to build their own weighted tokens and adjust them to meet specific investment requirements.

Balancer is an automated market maker (AMM) developed on the Ethereum blockchain and launched in March 2020. It functions as a self-balancing weighted portfolio, price sensor, and liquidity provider. The platform allows users to earn profits by contributing to customizable liquidity pools. Balancer facilitates the creation of pools of tokens, which are designed to adjust to maintain equal weightings despite varying prices.

The protocol offers three primary types of pools: private pools, which are fully controlled by the owner; shared pools, where liquidity providers earn Balancer Pool Tokens (BPTs) for their contributions; and smart pools, which are managed by a smart contract and also issue BPTs. Balancer uniquely allows for up to eight assets per market, defined by a percentage weight and subject to automatic readjustment, presenting interesting liquidity and arbitrage opportunities.

To decentralize control and incentivize liquidity providers, Balancer launched its governance token, BAL. Out of the total 1