Based

Spot

Billion

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Binance issued a notice of removal for 9 spot trading pairs on August 23.</li>
 <li>The spot trading pairs include ARKM/TUSD, CHZ/EUR, ENA/EUR, FIRO/BTC, IOTA/FDUSD, JOE/TRY, OMNI/BNB, REZ/BNB, and SUPER/FDUSD.</li>
</ul>
<p>Binance just released an official announcement, revealing the removal of 9 spot trading pairs on August 23.</p>
<p>In the official notes, the exchange highlights that it conducts periodic reviews of all the listed spot trading pairs, in order to protect users and maintain a high-quality trading market.</p>
<p>To protect the ecosystem, Binance may delist selected spot trading pairs due to multiple factors including poor liquidity and trading volume.</p>
<p>Based on the exchange’s most recent reviews, Binance announced the removal and cessation of trading for the following spot trading pairs on August 23, at 03:00 (UTC):</p>
<ul>
 <li>ARKM/TUSD</li>
 <li>CHZ/EUR</li>
 <li>ENA/EUR</li>
 <li>FIRO/BTC</li>
 <li>IOTA/FDUSD</li>
 <li>JOE/TRY</li>
 <li>OMNI/BNB</li>
 <li>REZ/BNB</li>
 <li>SUPER/FDUSD</li>
</ul>
<h2 id="important-delisting-details">Important Delisting Details</h2>
<p>In the<a href="https://www.binance.com/en/support/announcement/notice-of-removal-of-spot-trading-pairs-2024-08-23-84d4dc37762944828f3e91c4eabb6bb6?hl=en" rel="noopener noreferrer nofollow" target="_blank"> official announcement</a>, Binance noted that the delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot.</p>
<p>This means that users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on the exchange.</p>
<p>Also, according to the same notes, Binance will terminate Spot Trading Bots services for all the spot trading pairs mentioned above on August 23, at 03:00 (UTC) where this is applicable.</p>
<p>Users are strongly advised to update or cancel their Spot Trading Bots before the cessation of Spot Trading Bots services to avoid potential losses.</p>
<p>Speaking of Binance’s efforts to protect the ecosystem and its users, recently the exchange revealed important data about preventing losses from frauds and scams in 2024.</p>
<h2 id="binance-prevented-2-4-billion-in-losses">Binance Prevented $2.4 Billion in Losses</h2>
<p>According to official data, from January to July 2024, Binance has successfully <a href="https://crypto.ro/en/news/binance-prevents-2-4-billion-in-losses-from-scams-and-fraud-in-2024/" rel="noopener noreferrer nofollow">prevented</a> over $2.4 billion in potential losses from scams and fraud.</p>
<p>The exchange safeguarded more than 1.2 million users globally.</p>
<p>The accomplishment is attributed to the exchange’s strong risk management measures that are highly effective in detecting and flagging suspicious transactions on its platform.</p>

Binance Will Remove 9 Spot Trading Pairs on August 23

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