In today’s announcement by Binance, the exchange claims to be conducting regular reviews of the listed assets to ensure they meet standards aimed at protecting users.
Based on recent reviews, the exchange announced that it will remove and stop trading some FTT trading pairs including FTT/BNB, FTT/BTC, FTT/ETH, FTT/USDT at 2022-11-15 04:30 (UTC). After stopping trading, all pending orders for the above trading pairs will be automatically cancelled. Users can still trade in the FTT/BUSD trading pair.
Earlier in the news, this exchange announced the delisting of FTT margin trading pairs and FTT perpetual contracts.
As was updated in an earlier Coincu News article, after approximately $400 million worth of tokens were distributed ahead of time, crypto exchange Binance banned FTT deposits on Sunday.
Ever since crypto exchange FTX declared bankruptcy and crypto genius and founder Sam Bankman-Fried stepped down, the entire sector has been in turmoil. CEO Changpeng Zhao himself has also called for regulations in the industry.
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