Ardor

NFPrompt

Across Protocol

Marlin

Based

The world’s largest cryptocurrency exchange will conduct a major scheduled upgrade on Saturday that will pause certain trading activities.
The second major statement from the firm outlined the delisting of numerous trading pairs, one even against BTC.
<h2 id="an-upgrade-and-delistings">An Upgrade and Delistings</h2>
Binance <a href="https://www.binance.com/en/support/announcement/detail/8ef2a1f9af5d40269a0243dd07204a10" rel="noopener noreferrer nofollow">revealed</a> that it will temporarily halt US stock trading on the platform on August 8 due to a scheduled system upgrade carried out by a partner broker. The process is set to be completed in approximately three hours, and during this period, users will not be able to access such services.
The company has the habit of briefly pausing operations to support certain improvements. Not long ago, it <a href="https://cryptopotato.com/4-important-binance-announcements-concerning-tron-trx-zcash-zec-and-other-alts-details/" rel="noopener noreferrer nofollow">performed</a> wallet maintenance for the Tron Network, making TRX deposits and withdrawals unavailable for about an hour. It also supported a Zcash hard fork, temporarily suspending ZEC deposits and withdrawals.
Binance also regularly checks all listed spot trading pairs available on its platform and scraps those that no longer meet important criteria like adequate liquidity and volume. Based on its latest analysis, it will <a href="https://www.binance.com/en/support/announcement/detail/23504a5454d545998414c9ad3e8832f3" rel="noopener noreferrer nofollow">delist</a> QNT/BTC, RPL/USDC, SIGN/BNB, and SKL/USDC on August 7.
<blockquote>
 “The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance,” it clarified.
</blockquote>
<h2 id="the-previous-announcement">The Previous Announcement</h2>
The aforementioned disclosure did not cause a significant decline in the involved cryptocurrencies, which is rather normal, as such a reaction is usually witnessed in the event of a total delisting. Being the leading crypto exchange, withdrawing support from Binance leads to reduced availability, thinner liquidity, and reputational damage.
Earlier this month, Binance <a href="https://cryptopotato.com/binance-triggers-major-collapse-for-these-altcoins-details-inside/" rel="noopener noreferrer nofollow">said goodbye</a> to Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC), and their prices headed south by double digits.
Prior to that, the company <a href="https://cryptopotato.com/binance-triggers-a-brutal-collapse-for-4-altcoins-heres-how/" rel="noopener noreferrer nofollow">terminated</a> all services with Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND), triggering a similar collapse for the affected tokens.
The post <a href="https://cryptopotato.com/binance-pauses-services-and-delists-several-crypto-pairs-who-is-affected/" rel="noopener noreferrer nofollow">Binance Pauses Services and Delists Several Crypto Pairs: Who Is Affected?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Binance Pauses Services and Delists Several Crypto Pairs: Who Is Affected?

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