Binance to Delist Multiple TrueUSD Trading Pairs – What’s Going On?
Binance, the world’s largest cryptocurrency exchange, has announced its plan to delist multiple TrueUSD spot trading pairs as well as a couple of BNB pairs, its native currency.
The notice published on Wednesday, March 13, revealed that Binance will remove TrueUSD and BNB pairs that will include PENDLE/TUSD, COMP/TUSD, and EDU/TUSD.
Additionally, the BNB duo of ARPA/BNB and EDU/BNB spot trading pairs will be removed. This decision will take effect by Friday, March 15, 2024 at 3:00 am UTC.
According to the announcement, Binance cited concerns like poor liquidity and high trading volume as some of the reasons behind this move.
The exchange extolled to Binancians the importance of trading integrity on its platform, which necessitates periodic reviews of listed pairs like TrueUSD.
More importantly, it clarified that delisting TrueUSD and BNB trading pairs does not mean the assets will be completely removed from Binance. This implies that users will still have access to trade other TrueUSD and BNB pairs like USDT, Bitcoin, BNB, etc.
Aside from delisting the said TruesUSD pairs, Binance urged users to deactivate their trading bots associated with the affected pairs. This is to ensure they don’t incur losses on their trades or have funds locked up unavoidably.
“Binance will terminate Spot Trading Bots services for the aforementioned spot trading pairs at 2024-03-15 03:00 (UTC) where applicable. Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses,” wrote the company.
The TUSD stablecoin has faced several issues since late 2023, including a data breach incident and temporary de-pegging from the US dollar earlier this year after a
