Binance Exchange is going to remove a number of trading pairs from the listing. Some of these include assets which previously distributed through the initial public offering on the Launchpad platform.
According to representatives of Binance, this is done “to increase liquidity and improve the trading experience for users.”
Shortly before the announcement of delisting, Binance announced the launch of a market maker program, which also aims to increase the liquidity of the exchange. Users who reach a trading volume of 1000 BTC within 30 days will be able to count on lower commissions and higher API limits.
However, it plans to improve liquidity and user trading experience among the wide range of available assets, where it will remove and cease trading on the following trading pairs:
“We will have more data, no more specific pairs, on more exchanges in our next report.”
Source: Binance.com and Blockchain Journal
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Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
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