Binance Limits Trading for 5 Cryptocurrencies: So What Will Investors Do?

Binance, where billions of dollars worth of cryptocurrency transactions are made every day, today shared a new news that concerns investors closely. The exchange, which for various reasons stops offering some trading pairs and cryptocurrencies from time to time, 5 trading pairs will be removed explained.

According to Binance’s statement, these five trading pairs are CHESS/BNB, DYDX/ETH, FARM/ETH, LINA/BNB and SHIB/UAH. on the relevant trading pairs. From April 21, 2022 no action is taken. So what are investors going to do?

What will investors do?

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Removing trading pairs on Binance does not mean that these cryptocurrencies have been removed from the platform. Until the last trading pair is removed, users can continue to trade with the listed units on different trading pairs. That’s why this announcement traders who only want to trade with these trading pairs will occur.

Since early March, Binance has closed trading on more than 20 trading pairs and added more than 40 new trading pairs in a 6-week period. Decisions to remove trading pairs are usually based on the number of trades made on these pairs. because of very little or of technical problems originate.

Source: Web Tekno

Alice

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