Binance, a major cryptocurrency exchange, announced that it is removing several spot trading pairs, including AMB/.BitcoinIOST/BTC, LINA/BTC, as part of the periodic review process. According to Binance’s official announcement, the delisting will take effect on July 6, 2024.
Reason for delisting
Binance conducts regular reviews of all listed spot trading pairs to ensure a high-quality trading environment for users. Factors such as low liquidity and low trading volume are important considerations for delisting. This routine evaluation aims to protect users and maintain market integrity.
Termination details
In line with the upcoming delisting, Binance will also terminate spot trading bot services for the affected pairs on July 6, 2024, 03:00 UTC. Users are advised to update or cancel their spot trading bots to avoid potential losses. The exchange emphasized the importance of users taking timely action to mitigate all financial risks associated with the termination.
Potential inconsistencies in translation
Binance has released a disclaimer stating that there may be differences in the translated version of the announcement. Users are advised to refer to the original English version for the most accurate and up-to-date information.
Related News: MiCA Compliance
In a related update, Binance also reminded users of the MiCA (Crypto Asset Markets Act) requirements that will come into effect on June 30, 2024. Unauthorized stablecoins will be subject to certain restrictions for EEA users. This compliance is part of Binance’s broader efforts to adhere to international standards and regulations.
Visit the Binance website for official announcements and further details.
Binance reserves the right to amend or cancel this notice at any time without prior notice. Users are advised to stay informed through official Binance channels.
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