Binance Removes its Trading Pairs
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.
On pairing, too low a number, people may have to trade twice to get the coin they want. Too many pairs, liquidity and spread are poor on each pair, and users have to look at many pairs to find the best price. Like many things in life, it's a balance. https://t.co/v0ctjpbijN — CZ Binance (@cz_binance) September 30, 2019
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:
ANKR/PAX, ANKR/TUSD, ANKR/USDC, BCPT/PAX, BCPT/TUSD, BCPT/USDC, BTT/BTC, DENT/BTC, DOGE/PAX, DOGE/USDC, ERD/PAX, ERD/USDC, FTM/PAX, FTM/TUSD, FUEL/ETH, GTO/PAX, GTO/TUSD, GTO/USDC, LUN/ETH, NCASH/BNB, NPXS/BTC, ONE/PAX, ONE/TUSD, PHB/PAX, PHB/USDC, TFUEL/PAX, TFUEL/TUSD, TFUEL/USDC, WAVES/PAX, WIN/BTC.
Changpeng Zhao, CEO of Binance
Cryptocurrency trading is subject to high market risk. However, Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
According to Blockchain Transparency Institute, Liquid Global, a next-generation cryptocurrency trading platform, joins Binance and Bitfinex in the only exchanges not trading in the top 25 CMC pairs.
Liquid Global declared:
“We will have more data, no more specific pairs, on more exchanges in our next report.” Liquid Global
Source: Binance.com and Blockchain Journal