The world’s largest cryptocurrency exchange announced another delisting round, affecting numerous altcoin traders. At the same time, it will expand the list of trading choices offered on Binance Spot by adding six new pairs.
Binance conducted another periodic review on its listed spot pairs to check for vital factors, including liquidity and trading volume. Following the analysis, it decided to remove the following ones: BTC/UAH, COMP/BTC, ETC/ETH, MOVE/BNB, PNUT/FDUSD, SHIB/DOGE, TON/BTC, and others.
The delisting will take effect on January 27 and will not affect the availability of the tokens on Binance Spot. “Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance,” the disclosure reads.
The amendment is particularly important for Ukrainian clients. The Ukrainian Hryvnia (UAH) is the official currency of the country, and the removal of a direction pair between BTC and the domestic currency can make it harder for locals to move in and out of the cryptocurrency market.
As a result, Ukrainians may be forced to first convert their funds into another fiat currency before gaining exposure to the leading digital asset, adding extra friction to the process.
Meanwhile, most tokens included in the delisting effort are in the red today (January 26), which is a rather normal reaction when Binance withdraws its support. However, the move south is more likely to have been caused by the broader market decline observed in the past few days.
Contrary to the aforementioned disclosure, the company also revealed that it will expand the list of choices on Binance Spot and “enhance users’ trading experience” by adding BNB/U, ETH/U, KGST/U, SOL/U, TRX/USD1, and USD1/U. The inclusion is scheduled again for January 27.
U refers to United Stables, a stablecoin that saw the light of day towards the end of last year and is pegged to the American dollar. To stimulate users onboarding of the new services, Binance introduced zero maker fees on BNB/U, ETH/U, KGST/U, SOL/U, and USD1/U until further notice.
“During the Validity Period, Standard taker fees will apply to regular and VIP 1 users for BNB/U, ETH/U, and SOL/U, and the trading volume of these pairs will count toward regular and VIP 1 users’ VIP tier calculation,” the announcement reads.
The post Important Binance Announcement Concerning Ukrainian Users: Details Inside appeared first on CryptoPotato.
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