If you haven't noticed yet, the crypto market is in free fall, but why?
Crypto has been falling rapidly the past few weeks with no indication of slowing down.
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Binance announces the removal of select trading pairs in 2023 to ensure market quality. Traders advised to adjust strategies and consider BUSD asset conversion opportunities.

In a pivotal move to ensure user protection and uphold the quality of its trading market, Binance recently announced the Binance removal of trading pairs for 2023. This Binance delisting announcement was made on 2023-09-15, highlighting the significant changes in its trading pairs landscape.
The trading community must be aware of the following removals:
- Binance AMB/BUSD, ASTR/BUSD, BAT/ETH delisting will happen on 2023-09-15 03:00 (UTC).
- Binance DASH/BUSD, GMX/BUSD, and HOT/BUSD removal are also scheduled at the same time.
- By 2023-09-15 05:00 (UTC), the Binance IMX/BNB, KNC/BNB, MC/BUSD trading pair removal will be in effect, alongside the Binance MDT/BUSD, NULS/BUSD, RAD/BUSD, RAY/BUSD, REQ/BUSD delist.
Last but not least, traders should brace for the Binance SSV/BUSD, STMX/BUSD, TROY/BUSD, and WOO/BUSD termination at 2023-09-15 07:00 (UTC).
Despite these removals, Binance assures users that the delisting of a specific spot trading pair doesn't equate to the unavailability of those tokens on Binance Spot. In other words, users will still have avenues to trade using the base and quote assets of these delisted pairs on other available trading combinations within the platform.

Adding to the list of updates, Binance has also conveyed its decision to terminate Spot Trading Bots services for the affected spot trading pairs. This Binance Spot Trading Bots services termination for 2023 has precise timings: 03:00 (UTC), 05:00 (UTC), and 07:00 (UTC) on the 15th of September. Active traders using these bot services are highly advised to adjust or cancel their trading bots to prevent potential trading setbacks.
Moreover, Binance is nudging users to take action concerning their BUSD assets. With a recommendation to convert BUSD assets on Binance by February 2024, they've sweetened the deal, allowing users to trade their BUSD for FDUSD with zero trading fees. An alternative option provided is to switch BUSD balances to FDUSD at a straightforward 1:1 rate via Binances conversion portal.
Finally, any potential confusion arising from translated versions of these announcements should be clarified with the original English version, as it takes precedence.
To keep abreast of such crucial updates, Binance encourages users to download the WikiFX App on their smartphones. The application can be accessed through the link: https://www.wikifx.com/en/download.html.
All traders, especially those involved with the mentioned trading pairs, are advised to act swiftly to ensure smooth trading experiences.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Crypto has been falling rapidly the past few weeks with no indication of slowing down.

Discover PU Prime’s new campaign, “The Grind,” and learn how trading discipline builds long-term success. Watch and start your trading journey today!

IG boosts FCA compliance by integrating Adclear’s AI tools. Learn how automation accelerates marketing approvals and ensures regulatory accuracy.

The Indian Finance Minister Nirmala Sitharaman, while announcing the Union Budget 2026-27, proposed a sharp rise in the Securities Transaction Tax (STT) on Futures and Options as part of the government’s strategy to soothe the country’s overheated derivatives market. The move comes on the backdrop of regulators’ concerns over excessive speculation in F&O allowing retail traders to enter the market and lose capital. Whether the government will be able to curb excessive speculation in F&O through this move remains to be seen. The stock indices, however, were hit hard, with the BSE Sensex falling by 1500 points amid widespread selling on the STT hike. Let’s examine the potential impact of this hike on Indian F&O traders.