Binance, the world’s largest cryptocurrency exchange, has made several noteworthy announcements regarding its trading pairs and services. On October 19, the exchange unveiled new trading pairs and services while discontinuing certain pairs.
New Trading Pairs
Binance has introduced six new spot trading pairs, expanding its offerings for traders. These trading pairs include:
- ATOM/FDUSD
- AVAX/FDUSD
- BAND/TRY
- BCH/FDUSD
- LOOM/TRY
- MATIC/FDUSD
Additionally, the company is set to launch Spot Grid and Spot DCA Trading Bots services for the NTRN/USDT and PENDLE/USDT trading pairs, providing users with more trading options and strategies.
Notably, Binance has ensured that users can enjoy zero maker fees on FDUSD trading pairs, and this fee structure will continue “until further notice.” FDUSD is a stablecoin issued by First Digital Limited in Hong Kong, backed 1:1 with the U.S. dollar.
This new listing initiative follows Binance’s addition of the XRP/FDUSD trading pair on its platform about a month ago.
Delisting of Certain Pairs
Concurrently with these new listings, Binance has opted to delist several trading pairs, all of which are denominated in BUSD (Binance USD). Some of the pairs that have been delisted include: 1INCH/BUSD, AERGO/BUSD, ANKR/BUSD, DATA/BUSD, DIA/BUSD, LOKA/BUSD, LRC/BUSD, OM/BUSD, POLYX/BUSD, RARE/BUSD, SLP/BUSD, SUSHI/BUSD, THETA/BUSD, and more.
While Binance did not provide specific reasons for the delisting, they noted that periodic reviews of trading pairs are conducted to protect users and maintain a high-quality trading environment. Delisting decisions may be influenced by factors such as low liquidity and trading volume.
It’s important to mention that all the delisted pairs were denominated in BUSD, which is in line with Binance’s prior announcement to phase out support for BUSD starting in the first quarter of 2024. Binance has advised clients to convert their BUSD holdings into other assets before February next year.
In summary, Binance’s move to introduce new trading pairs and services, while simultaneously delisting specific pairs, is part of its ongoing efforts to enhance its trading environment and offer users a diverse range of cryptocurrency options.
