Key Points:
The trading pairs to be removed include CKB/BUSD, FARM/BUSD, ORN/BUSD, REN/BUSD, SKL/BUSD, UFT/BUSD, ZEN/BUSD, and ZRX/BUSD. It’s important to note that users can continue trading these tokens in alternate pairs accessible on the Binance platform.
Additionally, Binance has scheduled the discontinuation of its trading bot service for the specified spot trading pairs at 3:00 UTC on August 18, 2023. Users are strongly advised to modify or cancel their trading bots prior to the designated termination time to avert potential losses.
The mentioned token pairs are reportedly facing liquidity challenges, contributing to the decision to remove them from Binance’s trading offerings.
REN, a central token within the Ren ecosystem, has encountered its own trajectory.
Launched via an ICO in early 2018 and built on Ethereum’s ERC-20 standard, REN serves a significant role in the Ren ecosystem. The Ren Protocol faced setbacks due to the downfall of FTX, resulting in substantial losses.
In a surprising development, Binance has also confirmed the discontinuation of Binance Connect, its licensed cryptocurrency trading arm that facilitated fiat-to-crypto transactions.
Effective August 16, this regulated division of the exchange will cease operations, marking the end of its brief presence in the market.
Earlier, the exchange announced its decision to delist and halt trading on 17 spot trading pairs.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Miami, Florida, 13th November 2024, Chainwire
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