Pepe Coin

Bitcoin

Avalanche

The liquidity pools that are being removed include well-known coins and tokens like Cardano (ADA), Polygon (MATIC), Bitcoin (BTC), Tron (TRX), Avalanche (AVAX), Polkadot (DOT), Filecoin (FIL), and Pepe Coin (PEPE). 
These changes will take place in two phases. Thirteen BNB pairs will be removed from the liquidity pool on September 1, and pairs involving Bitcoin and Ethereum will also be affected. Users will no longer be able to add liquidity to these pools, and those with existing positions will receive their assets in their wallets on the same date. 
Additionally, Binance plans to modify its zero-fee Bitcoin trading for the BTC/TUSD spot and margin trading pair. This change could potentially impact trading volumes and market dynamics, similar to the impact observed when Binance ended <a href="https://financefeeds.com/binance-us-drops-ethereum-trading-fees-to-zero/" rel="noopener noreferrer nofollow">zero-fee trading</a> earlier. 
The regulatory challenges also played a role in the decline, as Binance faced scrutiny from regulatory authorities. The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the exchange, accusing the exchange of violating the federal securities laws. 
In response to the recent crackdown, <a href="https://financefeeds.com/cz-to-cut-dominant-stake-in-binance-us/" rel="noopener noreferrer nofollow">Binance.US</a> also paused its over-the-counter trading portal and delisted several crypto tokens. The pause impacted more than 90 trading pairs involving the stablecoin Tether (USDT). Additionally, eight Bitcoin (BTC) trading pairs are affected by this suspension, causing a decline in their respective ticker values. 
Earlier in April, the American outpost of the world’s biggest crypto exchange delisted Tron’s TRX token, possibly out of an abundance of caution to comply with US regulations after recent charges against its founder. Binance US also said it will delist a lesser-known token, called Spell (SPELL), from its&nbsp;<a href="https://financefeeds.com/binance-us-drops-ethereum-trading-fees-to-zero/" rel="noopener noreferrer nofollow">trading platform</a>. 
Binance is not the only one affected. In general, the spot trading volume on centralized exchanges dropped by 40%, reaching its lowest point since December. This decline can be attributed to various factors, including the uncertainty stemming from macroeconomic conditions like the looming recession.

Binance removes liquidity pools of 39 trading pairs

FinanceFeeds

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