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Home»BLOCKCHAIN NEWS»Binance Announces Removal of Spot Trading Pairs Affecting CAKE, DYDX, and LAZIO
BLOCKCHAIN NEWS

Binance Announces Removal of Spot Trading Pairs Affecting CAKE, DYDX, and LAZIO

By Crypto FlexsMay 29, 20242 Mins Read
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Binance Announces Removal of Spot Trading Pairs Affecting CAKE, DYDX, and LAZIO
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As a measure to ensure a high-quality trading environment, Binance will delist and suspend trading in several spot trading pairs, including CAKE/TUSDDYDX/BNB, LAZIO/BTC, according to exchange announcement on May 29, 2024.

Regular review of market quality

Binance, one of the world’s leading cryptocurrency exchanges, performs regular evaluations of all listed spot trading pairs. These ratings are designed to protect users and maintain the integrity of the trading markets. Exchanges may choose to delist pairs with low liquidity and trading volume as part of this process.

Following a recent review, we decided to remove several spot trading pairs, although no specific pairs were listed in the announcement. The delisting process is scheduled to be completed by May 31, 2024.

Impact on spot trading bots

As part of the delisting process, Binance will also terminate spot trading bot services for the affected pairs at 03:00 (UTC) on May 31, 2024. We recommend that users using these bots update or cancel their active bots to avoid potential risks. casualty.

Binance emphasized that it is important to refer to the original English version of the announcement to obtain the most accurate information, as there may be differences in translated versions.

User Guidelines and Disclaimers

The announcement includes several disclaimers reminding users of the inherent risks associated with trading digital assets. Binance emphasized that the value of investments can fluctuate significantly and that users should only invest in products they fully understand. The exchange recommends consulting an independent financial advisor before making any investment decisions.

Binance reserves the right to modify or cancel any announcement at any time without prior notice and once again emphasizes the importance of updating the latest information directly on the platform.

Image source: Shutterstock

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