Binance Just Axed 30 Crypto Pairs For Two Reasons
The crypto market is not living its best days at the moment, and this is due to the massive correction that Bitcoin (BTC) has recently suffered.
As expected, most coins fell as well after BTC’s downhill move. Now, Binance comes and shocks crypto fans with a more or less expected move.
Binance delists 30 crypto pairs from its platform
Binance made a lot of crypto enthusiasts freak out just the other day with the latest move that the leading crypto exchange decided to make.
Binance removed exactly 30 trading pairs from the platform, and they also came with a motivation for this decision.
The platform said that they decided to take this step in order to “improve liquidity and user trading experience among our wide range of available assets.”
The move included the elimination of BitTorrent Token’s (BTT) relatively recent pairing with Bitcoin.
At the moment, it’s worth noting that BTT remains paired with Binance Coin, Tether (USDT), Paxos Standard (PAX), TrueUSD (TUSD) and USD Coin (USDC).
Binance delisted BSV back in April
You may recall that back in April Binance took the decision to eliminate Bitcoin SV (BSV) from the platform completely, and you may also remember the reason.
Binance CEO Changpeng Zhao did not agree with the creator of BSV Craig Wright’s rhetoric, and he called him a fraud, just like a lot of voices in the crypto space.
Craig Wright made headlines a while ago when a judge ordered a $5 billion BTC transfer.
The man who claims to have created Bitcoin and who said that he wrote the whitepaper had been compelled by a Florida judge to prove his Bitcoin holdings.
Binance, on the other hand, made headlines not too long ago when its CEO admitted having plagiarized its official documents on futures contracts:
“Shame on us. Sorry about that,” were Zhao’s exact words.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.