TL;DR
- Binance announced it will delist 23 margin trading pairs, including prominent ones like ADA/BUSD and the memecoins DOGE/BUSD and SHIB/BUSD, on November 9, with automatic closure and settlement of positions for these pairs.
- The delisted pairs are all denominated in BUSD, a stablecoin for which Binance will end support by early 2024, advising users to convert their BUSD holdings before February 2024.
- This move follows a previous delisting of several BUSD pairs in October, with Binance citing the need to protect users and ensure quality trading markets due to factors like poor liquidity and volume.
Binance Removes More Trading Pairs
The world’s largest cryptocurrency exchange – Binance – revealed that it will delist 23 margin trading pairs, including ADA/BUSD, APE/BUSD, AVAX/BUSD, BCH/BUSD, DOT/BUSD, LTC/BUSD, MATIC/BUSD, and more on November 9.
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