Binance to Delist Several Trading Pairs on December 27, 2024
Binance announced the delisting of several trading pairs on December 27, 2024. This decision follows a review that identified low trading activity and liquidity in certain pairs, making them less suitable for users.
The affected trading pairs include ACE/BTC, ACM/TRY, BOME/BTC, DYM/BTC, MTL/TRY, PIXEL/BNB, PIXEL/FDUSD, QKC/BTC, RAD/BTC, REZ/FDUSD, and TUSD/TRY. While trading on these pairs will cease, users can still trade the individual tokens through other available pairs on Binance. The exchange stated:
“Delisting a spot trading pair will not affect users’ ability to trade its corresponding tokens on the Binance spot platform (if applicable). Users can still trade the underlying assets and quoted assets of the spot trading pair on other trading pairs provided by the Binance platform.”
Binance advised users with trading bots on these pairs to disable them before the removal date to avoid potential issues. It emphasized:
“Binance will remove the trading bot service (if applicable) from the above spot trading pairs at 11:00 (ET) on December 27, 2024. Users are strongly recommended to close and/or cancel the relevant spot trading bots before the trading bot service for the above trading pairs is stopped to avoid any potential losses.”
Users are encouraged to review Binance’s official FAQs on delisting guidelines to understand the processes and policies regarding the removal of cryptocurrencies from the platform.
Enhanced Transparency with New Metrics for Tokens
Binance has addressed concerns regarding circulating supply data by stating it currently relies on CoinMarketCap's (CMC) methodology, which excludes insider allocations from circulating supply figures. To improve transparency, the exchange will soon introduce two new metrics from CMC: Unlocked Market Capitalization (UMC) and Unlocked Circulating Supply (UCS), providing users with more detailed data about tokens.
Record User Growth and Fraud Prevention Milestones in 2024
In 2024, Binance reported a user base exceeding 240 million, an increase of 70 million new users this year. Additionally, the exchange's system has prevented over $4.2 billion in potential losses from scams and fraud, protecting more than 2.8 million users globally.
Binance has also expanded its global compliance efforts, securing 20 regulatory licenses worldwide, which demonstrates its commitment to creating a safer and more transparent crypto environment while offering new opportunities for users.