Ethereum

Codatta

Solana

Spot

TL;DR
<ul>
 <li>Binance has scheduled the removal of three spot trading pairs for August 15.</li>
 <li>In contrast to the delisting effort, the exchange launched AIO/USDT and XNY/USDT perpetual contracts with up to 50x leverage.</li>
</ul>
<h2 id="span-a-rel-noopener-noreferrer-nofollow-a-span"><a rel="noopener noreferrer nofollow"></a></h2>
<h2 id="the-latest-amendment">The Latest Amendment</h2>
Binance conducts periodic reviews of all listed spot trading pairs and sometimes delists some due to factors like poor liquidity and volume.
Most recently, it <a href="https://www.binance.com/en/support/announcement/detail/b021b76f70af4465a0b5add81d751de7" target="_blank" rel="noopener noreferrer nofollow">announced</a> the removal of ANIME/FDUSD, HYPER/FDUSD, and STO/BNB. The pairs will be effectively scrapped from the platform on August 15.&nbsp;
<blockquote>
 “Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses,” Binance recommended.
</blockquote>
The exchange revealed that the delisting does not affect the availability of the tokens on Binance Spot. It said clients “can still trade the spot trading pairs’ base and quote assets on other trading pair(s)” that are available on the platform.
Typically, the withdrawal of support from a crypto behemoth like Binance has a negative impact on the prices of the affected cryptocurrencies. This wasn’t the case here with ANIME jumping by 16% daily, while HYPER and STO posted more modest gains.
Their rallies coincide with the broader resurgence of many of the well-known altcoins. Ethereum (ETH) is up 8% on a 24-hour scale and currently trades above $4,700, while Solana (SOL) soared by 15% to surpass $200.
<h2 id="span-other-updates-span">Other Updates</h2>
Earlier this month, Binance <a href="https://www.binance.com/en/support/announcement/detail/62a6eb8ae962461abea07b371ee51b9d?ref=AZTKZ9XS&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial" target="_blank" rel="noopener noreferrer nofollow">announced</a> a zero-fee trading promotion for VIP 2-9 users and spot liquidity providers. The campaign will cover the BNB/USDC, ADA/USDC, TRX/USDC, and XRP/USD trading pairs and will run from August 12 until October 11.&nbsp;
Just a few hours ago, the company <a href="https://www.binance.com/en/support/announcement/detail/ab94bf6e3cc24c98866dff13a981258a" target="_blank" rel="noopener noreferrer nofollow">launched</a> AIO/USDT and XNY/USDT perpetual contracts with up to 50x leverage. These products allow users to bet on the price of the aforementioned cryptocurrencies without owning them, and have no expiration date.
OlaXBT (AIO) experienced a major uptick of almost 50% shortly after the disclosure. After all, the support from Binance increases the asset’s liquidity and visibility, providing it with a solid reputational boost. 
<figure style="width: 100%" class="wp-caption aligncenter"><a rel="noopener noreferrer nofollow"><img alt="AIO Price" width="570" height="400"></a>
 <figcaption>
 AIO Price, Source: CoinGecko
 </figcaption>
</figure>
However, Codatta (XNY) headed in the opposite direction. It currently trades at approximately $0.015, representing a 20% decline on a daily scale.&nbsp;
The post <a href="https://cryptopotato.com/which-3-trading-pairs-did-binance-just-remove/" rel="noopener noreferrer nofollow">Which 3 Trading Pairs Did Binance Just Remove?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Which 3 Trading Pairs Did Binance Just Remove?

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