Binance, the largest cryptocurrency exchange in the market, announced the delisting of several Binance USD (BUSD) trading pairs. As per the company, the removal of these trading pairs aims to maintain a high-quality trading market. The information was published by the cryptocurrency exchange a few hours ago in a press release.
Binance continues to delist several Binance USD (BUSD) trading pairs at its exchange and trading platform. In a recently published press release, the company informed that there will be 20 different trading pairs delisted.
The trading pairs are the following:
AUDIO/BUSD, BAT/BUSD, BSW/BUSD, CITY/BUSD, CVX/BUSD, FORTH/BUSD, JUV/BUSD, MOB/BUSD, OGN/BUSD, OMG/BUSD, PLA/BUSD, POLS/BUSD, REI/BUSD, RSR/BUSD, SCRT/BUSD, TVK/BUSD, ADA/BIDR, MATIC/BIDR, UTK/BUSD, and ZIL/BIDR.
As per the exchange, the delisting of these trading pairs does not affect the availability of the tokens on the Binance Spot platform. Furthermore, the date on which the delisting will take place is 08/09/2023. Another thing that Binance encourages to do is to convert their BUSD assets into other available assets on the Binance exchange before February 2024.
It is very common for crypto exchanges to delist digital currencies. Some of these platforms tend to delist tokens that lost trading volumes or that have been affected by a bear market (lack of interest, hacks, etc).