Binance disclosed that effective March 15, 2024, at 3:00 a.m. UTC, it will cease supporting several spot trading pairs involving TrueUSD (TUSD) and Binance Coin (BNB).
These pairs include COMP/TUSD, EDU/TUSD, PENDLE/TUSD, ARPA/BNB, and EDU/BNB.
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The crypto exchange explained that the rationale behind this move revolves around the necessity of maintaining a high-quality trading market and protecting its users. Factors like trading volume and liquidity played a significant role in the decision-making process.
However, Binance has made it clear that delisting these spot trading pairs does not signify the removal of the assets from the Binance platform altogether. These tokens will remain accessible for trading through other pairs still listed on the crypto exchange.
For TUSD, notable pairings with major cryptocurrencies such as Bitcoin (BTC) and Cardano (ADA) will remain available.
Moreover, Binance has indicated that it will also discontinue the spot trading bot services for the affected pairs concurrently with their delisting. The crypto exchange advises users to adjust or cancel any bots set up for these pairs to prevent potential financial losses.
As the crypto market continues to evolve, such adjustments are part of Binance's commitment to maintaining its status as a trustworthy and reliable platform for cryptocurrency trading.
In the background of this delisting, Binance faces legal issues in Nigeria. A recent update of the situation is that Nigerian authorities demand information on Binance's top 100 users in the country, including their six-month transaction history.
