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- Binance plans to adjust the hash volume for 25 spot trading pairs by October 10, 2023, without affecting existing orders.
- The exchange will delist 19 trading pairs on October 6, all of which include BUSD.
- Binance’s move comes on the heels of its previous announcement that it will stop supporting the BUSD stablecoin next year.
The world’s largest cryptocurrency exchange – Binance – announced that it will complete adjustments to the tick size (minimum change in unit price) of various spot trading pairs by October 10, 2023. The update will not affect existing spot orders and other related functions. .
Some of the trading pairs that will be the subject of modification include APE/BNB, APE/ETH, APR/TRY, CAKE/BNB, CAKE/BTC, COTI/BUSD, COTI/USDT, WAVES/BTC, WAVES/TRY, and many more. All together, The trading pairs that Binance will address are 25, and the updated hash volume can be seen here.
“Please adjust your trading strategies accordingly to avoid undue impact on your trading. We apologize for any inconvenience,” the company advised.
Recent delisting process
Along with the above changes, Binance also informed that it will remove 19 trading pairs on October 6. They are 1INCH/BUSD, AERGO/BUSD, ANKR/BUSD, DATA/BUSD, DIA/BUSD, ERN/BUSD, and IOST/BUSD. , KP3R/BUSD, LOKA/BUSD, LRC/BUSD, LTO/BUSD, MDX/BUSD, OM/BUSD, POLYX/BUSD, RARE/BUSD, SLP/BUSD, SUSHI/BUSD, THETA/BUSD, and YFI/BUSD.
The company did not provide the exact reason for the upcoming deletion, but confirmed that it is constantly monitoring the market in order to “protect users”:
“Binance conducts periodic reviews of all listed spot trading pairs and may delete selected spot trading pairs due to various factors, such as poor liquidity and trading volume.”
It is worth noting that all trading pairs include BUSD. Formerly Binance a statement It will stop supporting the stablecoin at the beginning of next year.
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