Binance has long had a reputation for being an exchange with a large number of listed altcoins and trading pairs available to its users. However, according to its new announcement, the exchange will remove 30 different pairs.
The announcement, posted only a few hours ago, states that the exchange will cease trading and remove a number of trading pairs in order to improve liquidity and user trading experience. Furthermore, the announcement also points out that the removal comes after numerous requests by most project teams:
The trading pairs will be removed today at 8:00 AM (UTC). Meanwhile, the pairs that will be removed include: ANKR/PAX, ANKR/USDC, ANKR/TUSD, BCPT/PAX, BCPT/USDC, BCPT/TUSD, BTT/BTC, Dent/BTC, DOGE/USDC, DOGE/PAX, ERD/USDC, ERD/PAX, FTM/PAX, FTM/TUSD, GTO/PAX, FUEL/ETH, GTO/TUSD, GTO/USDC, NCASH/BNB, LUN/ETH, NPXS/BTC, ONE/TUSD, ONE/PAX, PHB/PAX, PHB/USDC, TFUEL/TUSD, TFUEL/PAX, TFUEL/USDC, WIN/BTC, and WAVES/PAX.
One of the most prominent and surprising in this reject list is BitTorrent (BTT), the first token to be launched on Binance Launchpad this year, and the one that started the Initial Exchange Offering (IEO) trend.
The removal of its Bitcoin (BTC) trading pair comes as a surprise, particularly since Binance publicly supported BTT and TRX earlier this year. The token was expected to be a big success for the TRON ecosystem and its CEO Justin Sun. However, it eventually only survived for about nine months, before Binance is giving it the ax.
Apart from featuring the list of trading pairs that will be removed, Binance concluded its announcement with a risk warning. For now, it remains unclear whether the announcement will have a strong impact on the prices, many of which are already suffering due to Bitcoin’s current losses.
What do you think about this announcement? Did you use one of the mentioned trading pairs? Let us know in the comments below.