Binance, the world’s largest cryptocurrency exchange, announced plans to delist several spot trading pairs as part of its routine market review process. The move aims to protect users and maintain a high-quality trading environment, the company said in a statement.
Spot Trading Pairs to Be Delisted
Effective January 10, 2025, at 03:00 UTC, Binance will remove and cease trading for the following pairs:
- AXL/FDUSD
- C98/BTC
- ENJ/ETH
Reason for Delisting
The decision to delist these pairs follows Binance’s periodic reviews of trading pairs, considering factors such as liquidity and trading volume.
“This ensures a sustainable and efficient trading experience for our users while maintaining a robust and high-quality market environment,” Binance stated.
Impact on Tokens
The delisting only applies to the specific trading pairs mentioned and does not affect the availability of the underlying tokens on Binance’s platform. Users will still be able to trade the base and quote assets of these pairs through other available trading pairs on Binance Spot.
Spot Trading Bots Services
Binance will also terminate Spot Trading Bots services for the affected pairs at the same time. Users are advised to update or cancel their Spot Trading Bots before the deadline to avoid any potential losses.
Next Steps for Traders
- Users holding positions in the affected trading pairs are encouraged to adjust their trading strategies and explore alternative pairs.
- Binance recommends closely monitoring updates and announcements for any future changes.
This latest delisting highlights Binance’s ongoing commitment to maintaining a dynamic and reliable trading ecosystem while addressing market inefficiencies.
