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TL;DR
- Binance adds trading bot services for PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY pairs, with regional restrictions.
- Binance removes several pairs due to poor liquidity.
Additional Trading Choices for Users
Binance, the largest crypto exchange, has recently expanded the list of options on its spot program by introducing trading bot services for three new pairs: PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY. These services will be subject to eligibility depending on the client’s country or region of residence. However, traders from Canada, the USA, the Netherlands, Cuba, Syria, Crimea Region, and more will not be eligible.
The latest addition involves one of the most popular meme coins, Pepe (PEPE). Binance has been a strong supporter of PEPE, adding it as a loanable asset to Binance Loan and including the PEPE/EURO pair to the list of trading choices on its spot program. Since the announcement, the PEPE price has remained relatively stable, showing little to no volatility, hovering around the same level observed on October 10.
The Delisting
Contrary to the newly-included pairs, Binance has also removed some existing ones due to multiple factors, including poor liquidity and trading volume. The spot trading pairs that are no longer available as of October 11 are APE/ETH, ATOM/BNB, BAL/BTC, and BNB/DAI.
Important Information for Users
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 pairs that are available on Binance, the firm assured.
Conversion of Delisted Tokens
Earlier this week, Binance shared important information for the holders of some previously-delisted cryptocurrencies, such as Tornado Cash (TORN), Vai (VAI), OMG Network (OMG), Waves (WAVES), Barn Bridge (BOND), Mdex (MDX), Dock (DOCK), NEM (XEM), Polkastarter (POLS), and Pundi X PURSE (PURSE). The exchange advised users to take a snapshot of their ownings and show it before October 29, promising to convert them to an equivalent amount of USDC by April 28, 2025.
Conversion Period:
The conversion will be executed on the basis of the average token to USDC exchange rate between 2024-10-29 00:00 (UTC) and 2025-04-28 23:59 (UTC) (hereinafter referred to as "Conversion Period").
Important Note:
Please note that Binance will update this announcement and send a separate email to all impacted users when the conversion of the aforementioned tokens to USDC is complete.
Frequently Asked Questions (FAQs)
Q: What is the reason for the removal of the mentioned spot trading pairs?
A: The spot trading pairs were removed due to poor liquidity and trading volume.
Q: How does the delisting of a spot trading pair affect the availability of the tokens on Binance Spot?
A: 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 pairs that are available on Binance.
Q: Are the delisted tokens available on other exchanges?
A: Please check with each exchange for the availability of the delisted tokens on their platforms.
