Binance, a leading cryptocurrency exchange, has announced the removal of several spot trading pairs, including AMB/BTC, IOST/BTC, LINA/BTC, as part of its periodic review process. The delisting is set to take effect on July 6, 2024, according to an official announcement from Binance.
Reasons for Delisting
Binance conducts regular reviews of all listed spot trading pairs to ensure a high-quality trading environment for its users. Factors such as poor liquidity and low trading volume are critical considerations for delisting. This routine evaluation aims to protect users and maintain market integrity.
Details of the Termination
In line with the upcoming delisting, Binance will also terminate Spot Trading Bots services for the affected pairs at 03:00 UTC on July 6, 2024. Users are advised to update or cancel their Spot Trading Bots to prevent potential losses. The exchange has emphasized the importance of users taking timely action to mitigate any financial risks associated with the termination.
Potential Discrepancies in Translations
Binance has issued a disclaimer noting that there may be discrepancies in translated versions of the announcement. Users are encouraged to refer to the original English version for the most accurate and up-to-date information.
Related News: MiCA Compliance
In a related update, Binance has also reminded users about the upcoming MiCA (Markets in Crypto-Assets) requirements effective June 30, 2024. Unauthorized stablecoins will face certain restrictions for EEA users. This regulatory compliance is part of Binance’s broader effort to align with international standards and regulations.
For the official announcement and additional details, visit the Binance website.
Binance reserves the right to amend or cancel this announcement at any time without prior notice. Users are advised to stay informed through official Binance channels.
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spot trading
cryptocurrency
delisting
