Altcoins Get the Axe as Binance Removes Low Volume Trading Pairs
Leading crypto exchange Binance has removed several low-volume altcoin trading pairs.
On Nov. 1, the exchange announced that five altcoin trading pairs had been delisted from the exchange following an extended period of low volume trading: ATOM/PAX, BTS/BNB, CVC/BNB, ETC/PAX, and REP/BNB.
The delisting went into effect as of Friday morning,
To improve liquidity and user trading experience among our wide range of available assets, Binance will remove and cease trading on the following trading pairs at 2019/11/01 8:00 AM (UTC).
Low trading volume, particularly when paired with the native currency BNB, has resulted in slippage following the execution of trades, harming the exchange’s liquidity.
As Binance continues to curate its offering to improve the experience of users, the North American division has been active in adding new tokens. Earlier in the week, Binance.US announced the addition of NEO, ATOM and WAVES.
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