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Binance, the world’s largest crypto exchange, has announced the delisting of additional spot trading pairs, including those involving Internet Computer (ICP) and Maverick Protocol (MAV). This move comes as part of Binance’s ongoing strategy to maintain a high-quality trading market.
Binance’s Delisting Details
Spot Pairs to be Delisted:
– Internet Computer (ICP) against Binance Coin (BNB)
– Maverick Protocol (MAV) against TrueUSD (TUSD)
Effective Date:
– July 19 at 03:00 UTC
Binance will also cease the operation of spot trading bots for the affected pairs and recommends that users update or cancel their bots to avoid potential losses.
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Reasons for Delisting
Binance conducts periodic reviews of all listed spot trading pairs and may delist pairs based on various factors such as poor liquidity and trading volume. The exchange aims to protect users and ensure a high-quality trading environment.
Recent Developments
New Reference Rates and Real-Time Indices:
– CME and CF Benchmarks have launched new reference rates and real-time indices for Internet Computer (ICP) and Ripple’s XRP.
Binance’s Recent Delisting Moves:
– Binance previously announced the delisting of BTC/TUSD and TUSD/USDT spot trading pairs as it gradually withdrew support for the TUSD stablecoin.
Despite the delisting, Binance is actively rolling out initiatives to enhance market liquidity and improve the trading experience. Notably, the exchange has announced a promotional event for Shiba Inu (SHIB) and Dogecoin (DOGE), titled “Battle of The Meme Dogs,” which offers significant rewards to participants. This event is set to end on July 29.
Traders holding or trading ICP and MAV should be prepared for the delisting and take necessary actions, such as updating or canceling their spot trading bots and considering the liquidity and trading volume impacts on their portfolios. The delisting of these pairs reflects Binance’s commitment to maintaining a robust and user-friendly trading environment while managing the market’s evolving dynamics.
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