Binance Will Delist 23 Trading Pairs, Shiba Inu and Dogecoin are Affected – CryptoPotato

0

DOGE/BUSD and SHIB/BUSD are among the 23 margin trading pairs that will get delisted from Binance on November 9.
TL;DR
The world’s largest cryptocurrency exchange – Binance – revealed that it will delist 23 margin trading pairs, including ADA/BUSD, APE/BUSD, AVAX/BUSD, BCH/BUSD, DOT/BUSD, LTC/BUSD, MATIC/BUSD, and more on November 9. 
Interestingly, the two biggest memecoins by market capitalization – Dogecoin (DOGE) and Shiba Inu (SHIB) – are also affected by the removal of DOGE/BUSD and SHIB/BUSD. 
“Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned cross and isolated margin pairs. These pairs will then be removed from Margin. Users can still trade the above assets on other trading pairs that are available on Binance Margin,” the company explained.
It’s worth mentioning that all of these are BUSD trading pairs, and the marketplace had previously revealed that it will discontinue support for the stablecoin at the beginning of 2024. Binance has advised users to convert their BUSD holdings to other assets prior to February 2024.
The company removed several trading pairs last month, too. It delisted 1INCH/BUSD, AERGO/BUSD, ANKR/BUSD, RARE/BUSD, SLP/BUSD, SUSHI/BUSD and 13 more on October 6. The exact reason for the initiative remained undisclosed, with Binance stating:
“To protect users and maintain a high-quality trading market, Binance conducts periodic reviews of all listed spot trading pairs and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume.”
 
 
Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.

FacebookTwitter YouTubeTelegram
Sign-up FREE to receive our extended weekly market update and coin analysis report

source

Leave a Reply

Your email address will not be published. Required fields are marked *