Cryptocurrency exchange Binance has announced that it will remove trading of seven altcoin pairs.
These pairs are AXS/BRL, GAL/BRL, GLMR/BNB, RAD/BNB, UNI/EUR, VOXEL/BNB and YGG/BNB. The decision to remove these trading pairs was made after examining their liquidity and trading volume.
This move is in line with Binance's commitment to providing its users with a high-quality trading experience.
Binance aims to remove trading pairs with low liquidity and trading volume so that users can only trade on pairs with sufficient demand and liquidity.
This can help improve the overall trading experience and reduce the likelihood of users encountering issues such as slippage or other forms of market manipulation.
It is important for users to be aware of the potential risks of trading in trading pairs with low liquidity and volume.
These pairs may be more prone to sudden price movements and more easily manipulated by traders with large positions.
By removing these pairs, Binance is taking steps to help protect its users from these risks and provide a more stable trading environment.
It is not investment advice.