Binance To Oust FIL, OP and ACE Trading Pairs, Here’s Reason

Binance has revealed plans to delist some Optimism and Filecoin trading pairs including trading bots linked to these assets

Binance, the world’s leading cryptocurrency exchange, decided to delist several spot trading pairs on October 4, 2024. The affected pairs include ACE/FDUSD, FIL/BNB, OP/BNB, and TRB/FDUSD. This move is part of Binance’s ongoing efforts to ensure a robust trading environment. The trading platform achieves this goal by continuously evaluating its listed pairs’ liquidity and volume thresholds.

Reason for Delisting: Poor Liquidity and Trading Volume

The exchange cited poor liquidity and low trading volumes as the primary reasons for the delisting, amongst other factors. These factors are critical to maintaining an efficient market where traders can engage with minimal slippage and transaction delays. 

Binance emphasized that while these specific trading pairs will be removed, the underlying tokens will still be available. This includes ACE, FIL, OP, and TRB; they will remain available for trading on other pairs within Binance’s extensive platform.

Additionally, Binance has announced that its Spot Trading Bots service will be terminated for these pairs on the same date. Users utilizing this automated service are strongly encouraged to update or cancel their bots before the cessation to avoid disruptions.

Binance Pushes Ahead Amid SEC Legal Battle

Despite the delistings, Binance has continued its global expansion and product diversification. This announcement comes after the exchange secured a full digital asset provider license in Kazakhstan. 

This license move marks a significant milestone in its international regulatory compliance strategy.

Moreover, the platform recently revealed its plans to float futures trading for Sam Altman’s Worldcoin (WLD). This demonstrates its commitment to offering innovative products in the evolving cryptocurrency market.

The timing of Binance’s delisting of certain spot trading pairs and its global expansion efforts and trading plans is notable. This milestone comes as the exchange is neck-deep in a legal battle with the U.S. Securities and Exchange Commission (SEC).

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