Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, made a new announcement. In the announcement, certain altcoin fences will be “delisted”; that is, it will be reportedly removed from the exchange. Here are the details…
Binance announces delisting for 14 pairs
According to a blog post shared on Binance’s official website, the exchange is removing some pairs from the list as of January 6, 2023. Delist will take place in two parts. First of all, on January 6, 2023, at 06:00 Turkey time, the following couples will be delisted:
- ALPHA/BNB
- ASTR/ETH
- CELR/ETH
- DAR/ETH
- DOT/BIDR
- FTM/BIDR
- SAND/BIDR
- SLP/BIDR
Then, on the same day, at 10:00 am Turkey time, the following pairs will be removed from the stock market:
- APE/GBP
- BLZ/ETH
- CAKE/GBP
- ICX/ETH
- SHIB/GBP
- ZEN/BNB
Users will be able to continue to buy and sell the above assets on other trading pairs available on the exchange. In addition, the exchange will terminate its services for these spot trading pairs on the delist date, if applicable. Still, Binance strongly advises users to “update and/or cancel their trading strategies before the expiry of their trading service to avoid any potential losses”.
The latest developments on the stock market
As we leave 2022 behind, many developments regarding Binance continued to attract attention. cryptocoin.com As we reported, during a year of grappling with crises like the collapse of FTX and Celsius, data shows crypto exchange Binance to be the clear “winner” of 2022, according to Arcane Research. The Arcane report highlighted that Binance’s market dominance is increasing rapidly throughout 2022. As of December 28 last year, the exchange had captured 92 percent of the Bitcoin spot market and 61 percent of the BTC derivatives market by volume.
There are other platforms that think the stock market will continue to do well. In a research report on Monday, Bernstein said Binance is liquid and stable, and this is evident in the exchange’s more than $55 billion in verifiable cold wallet addresses. According to the report, the crypto exchange may “pass the withdrawal test,” as it did when $6 billion in client funds were withdrawn on December 13.
Meanwhile, the stock market is also on the agenda with its payment service Binance Pay. According to the latest news, ANC Pharmacy, one of the largest pharmacy chains in the country, has partnered with the Ukrainian arm of Binance to launch cryptocurrency payments through the contactless crypto payment service Binance Pay. ANC Pharmacy now allows its customers to pay instantly when purchasing online pharmacy products. The pharmacy chain operates more than 1,000 pharmacies in Ukraine that run its own online pharmacy service. According to the announcement, BinancePay payments will be made available in Kiev first.
