Binance Announces Coin Cull, Delists Stablecoin Pairs
Binance Announces Coin Cull, Delists Stablecoin Pairs
Binance announced a list of assets to drop from its trading list, including illiquid or risky pairs. The international Binance exchange carries 583 pairs, of which there is a long list of virtually neglected markets. The exchange also constantly adds new coins and tokens, which alter the trading activity.
The list includes mostly small-scale, obscure altcoins trading in pairs against stablecoins like Paxos Standard (PAX), USDC and TrueUSD (TUSD), but also small markets against (BTC) and (ETH). Curiously, Binance removed a pair for BitTorrent Token (BTT), one of its pet projects.
Binance altcoin markets have been increasingly volatile, posing risk for traders. The exchange warned that it aims to offer high-quality assets, but that eliminat…
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: investing.com
View original post