Binance Removes 10 BNB Trading Pairs
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The world's leading cryptocurrency excha by trading volume, announced the remova several spot trading pairs from its platform with 10 of these involving Binance Coin (BNB). The action comes amid an increasi uncertain environment for the exchange.
Per the announcement on June 12, 2023, removal process will be executed in three waves on June 14, 2023. The first wave at 3:00 a.m. (UTC) includes pairs like DASH/T and ILV/BNB. The second wave at 6:00 a.r (UTC) sees pairs like MC/BNB and MINA/E among the delisted. The third wave, scheduled for 8:00 a.m. (UTC), will wrap u the process with the removal of pairs. including PEOPLE/BNB and ZEC/BNB.
The decision to remove these trading pair particularly significant for BNB, the native token of Binance. This action comes on th heels of Binance's controversial update to Terms of Service, which declared the exchange's authority to convert delisted cryptocurrencies to a different type at the
discretion without notifying users in adva
Binance has assured users that they can s trade the affected assets using other available trading pairs on the platform. Nonetheless, this move raises questions about the future trading prospects for BN its home turf.
Simultaneously, Binance has also alerted users of the cessation of its trading bots services for the aforementioned spot trad pairs. The exchange has advised users to update or cancel their trading bots to avoi potential losses.
This development is one among several recent changes in #Binance modus operandi. The company's tussle with the Securities and Exchange Commission (SE over allegations of operating as an unauthorized exchange in the U.S. has on amplified the ambiguity around the exchange's operations.
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