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Binance Announces Coin Cull, Delists Stablecoin Pairs

Published 09/30/2019, 05:33 AM
Updated 09/30/2019, 06:41 AM
 Binance Announces Coin Cull, Delists Stablecoin Pairs
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Binance announced a list of assets to drop from its trading list, including illiquid or risky pairs. The international Binance exchange carries 583 pairs, of which there is a long list of virtually neglected markets. The exchange also constantly adds new coins and tokens, which alter the trading activity.

The list includes mostly small-scale, obscure altcoins trading in pairs against stablecoins like Paxos Standard (PAX), USDC and TrueUSD (TUSD), but also small markets against Bitcoin (BTC) and Ethereum (ETH). Curiously, Binance removed a pair for BitTorrent Token (BTT), one of its pet projects.

Binance altcoin markets have been increasingly volatile, posing risk for traders. The exchange warned that it aims to offer high-quality assets, but that eliminat...

This article appeared first on Cryptovest

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