Binance, one of the world’s most popular and largest cryptocurrency exchanges will remove 30 trading pairs from its stock exchange. With this, the firm aims to improve liquidity and user trading experience.
The crypto giant has also delisted 20% Binance Launchpad tokens. The list includes 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. The most surprising thing in this reject list is BitTorrent (BTT). This is the first token that Binance Launchpad had launched this year. It also started the Initial Exchange Offering (IEO) trend.
It comes as a surprise that the platform is removing the Bitcoin trading pair in particular since it had publicly supported BTT and TRX earlier this year. The token was supposed to be a big thing for the TRON ecosystem but only survived for 9 months as Binance axes it. Apart from featuring the list of removed trading pairs, Binance concluded its announcement with a risk warning. Currently, it is not clear if the announcement will strongly impact the cryptocurrency prices. However, many of them are already suffering due to Bitcoin’s current losses.
In 2019, the crypto giant made a lot of initiatives if compared to its contemporaries. It recently rolled out its staking platform, which will allow users to earn cryptocurrencies for only depositing their funds on the platform, as per the source.