Binance Announces Trading Pair Removals
In a recent update, Binance, one of the leading cryptocurrency exchanges, has announced the impending removal of four trading pairs from its spot and margin marketplaces, a decision set to take effect in March. The selection for delisting typically hinges on factors such as low liquidity and inadequate trading volumes, as part of Binance’s ongoing assessment of its trading offerings.
Details of the Delisting
On March 13 at 3:00 a.m. UTC, the trading pairs DODO/BTC and GMT/EUR will no longer be available for trading. Additionally, on the previous day, March 12 at 6:00 a.m. UTC, Binance Margin will also cease to allow ARDR (Ardor) as a borrowable asset. This will include the removal of both the ARDR/USDT Cross Margin and Isolated Margin trading pairs from the platform.
NIL Token Integration Changes
In other developments, Binance is modifying its support for NIL (Nillion) tokens by integrating the asset into the Ethereum network (ERC20) and halting operations on its mainnet version. Consequently, all deposits and withdrawals for mainnet NIL tokens will be halted on March 20 at 3:00 a.m. UTC. Users are encouraged to complete any necessary transactions before this cutoff to avoid disruptions.
New Trading Pairs and Network Upgrade
Adding to its trading options, Binance Margin is introducing new trading pairs that include popular cryptocurrencies like Near (NEAR), Bitcoin Cash (BCH), and Tron (TRX) today, March 10. The NEAR/USD1 pair will be accessible on Cross Margin starting at 8:00 a.m. UTC, followed shortly by BCH/U, NEAR/U, and TRX/U pairs, which will become available at 10:00 a.m. UTC.
Earlier today, Binance also conducted a network upgrade impacting the Ethereum blockchain, requiring a temporary halt on the exchange’s deposits and withdrawals for tokens utilizing this network beginning at 5:55 a.m. UTC, though services resumed after completing the upgrade.
