The popular and recognized cryptocurrency exchange Binance has removed 5 trading pairs from its main exchange.
The exchange wants to improve liquidity in specific crypto assets and make the whole trading experience more efficient.
Binance Delists 5 Trading Pairs
According to a recent announcement made by Binance, they informed the community that 5 trading pairs will be removed from their platform.
These trading pairs include ATOM/PAX, BTS/BNB, CVC/BNB, ETC/PAX and REP/BNB.
The official announcement explains that they want to improve liquidity and user trading experience among their wide range of available assets.
These trading pairs were removed from the exchange on November 1st at 8:00 AM (UTC).
Three of these trading pairs were related to Binance Coin (BNB), the cryptocurrency created by the exchange and that has expanded all over the market during the last few years.
Meanwhile, two other trading pairs were tied to Paxos Standard (PAX), a stablecoin that offers solutions to individuals that want to hedge against volatility in the crypto space.
According to data provided by CoinMarketCap, Binance had a trading volume in the last 24 hours of $707 million, making it the 27th largest crypto trading platform in the market. At the same time, the exchange has 400 different trading pairs.
Binance informed that its team conduct comprehensive and periodic reviews of each digital asset listed on the platform. This ensures that the projects maintain a high standard of quality.
Indeed, if there is a coin or token that falls below this quality standard, it will be subject to further review and it would eventually be delisted.
Some of the things the exchange takes into account at the time of analyzing a cryptocurrency include the commitment of the team to the project, the quality and level of development activity, the level of public communication and activity, and many other things.
It is worth mentioning that the platform is now offering solutions to American citizens through their subsidiary Binance.US.
With this new platform with fiat support, users will have access to a diverse selection of cryptocurrencies following the regulations in the United States.
Binance is also offering other fiat exchanges such as Binance Jersey that was launched earlier this year and that allows users to purchase cryptocurrencies using GBP or EUR.
Additionally, the platform is also present in Uganda and Singapore where users can have access to crypto assets through their local fiat currencies.