CEO of Binance, Changpeng Zhao explains the reason that why the Binance Exchange is removing 30 trading pairs from its platform.
He says that the main purpose behind delisting these trading pairs is to improve the poor liquidity of pairs. He states that it is actually “the consolidation of liquidity not delisting”.
He explains the reason behind the removal of these trading pairs in the following words:
On pairing, too low a number, people may have to trade twice to get the coin they want. Too many pairs, liquidity and spread are poor on each pair, and users have to look at many pairs to find the best price. Like many things in life, it’s a balance.
Binance exchange further states that the main reason was to increase and balance the liquidity and also to improve users’ experience for other trading pairs.
Earlier on 30th Sep, the Binance exchange said that it is going to delist the 30 trading pairs from the platform. The claim was confirmed through the official twitter account of Binance exchange.
— Binance (@binance) September 30, 2019
List of the trading pairs that are delisted
According to a blog post, the exchange has decided to remove 30 pairs in order to improve the liquidity and users’ experience. The full list of these delisted trading pairs is given below:
“ANKR/PAX, ANKR/TUSD, ANKR/USDC, BCPT/PAX, BCPT/TUSD, BCPT/USDC, BTT/BTC, DENT/BTC, DOGE/PAX, DOGE/USDC, ERD/PAX, ERD/USDC, FTM/PAX, FTM/TUSD, FUEL/ETH, GTO/PAX, GTO/TUSD, GTO/USDC, LUN/ETH, NCASH/BNB, NPXS/BTC, ONE/PAX, ONE/TUSD, PHB/PAX, PHB/USDC, TFUEL/PAX, TFUEL/TUSD, TFUEL/USDC, WAVES/PAX, WIN/BTC.”
These trading pairs will no longer be the part of the Binance exchange from 30th Sep onward.
The list of these delisted trading pairs also involves Justin Sun’s token BitTorrent (BTT). A fall of 9.10% in the price of BTT token was noticed earlier on 30th Sep.
In short, the exchange has removed these 30 pairs form the platform and will no longer be available for users on the Binance platform.