- Binance plans to delist multiple spot trading pairs.
- The exchange said the measure is to “protect users.”
- Tokens in the delisted pairs will still be available on other spot market pairs.
The world’s largest crypto exchange by trade volume, Binance, will delist multiple TrueUSD (TUSD) trading pairs to “protect users,” the company said on Wednesday.
Issued by the current operator of ArchBlock, the TrustToken platform, TrueUSD is a dollar-pegged stablecoin fully backed by fiat reserves. Last year, after hiring Moore Hong Kong for the service, TUSD became the first digital asset to feature live on-chain attestations by an independent third-party institution.
Binance to Delist Multiple TUSD Pairs
In an announcement dated March 13, Binance said it would “remove and cease trading” of several TUSD trading pairs on its platform, including COMP/TUSD, EDU/TUSD, and PENDLE/TUSD.
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Typically, Binance conducts periodic reviews of all spot trading pairs and may choose to delist any of them due to multiple factors, including poor liquidity and trading volume. In TUSD’s case, the exchange explained the measure was based on its “most recent review.”
While the delisting is set to happen on March 15 at 03:00 (UTC), the exchange reiterated that the move wouldn’t affect TUSD’s availability on its other trading pairs on Binance Spot, such as BNB/TUSD, AVAX/TUSD, ADA/TUSD, BCH/TUSDA, and ARKM/TUSD.
“The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance.” The announcement read.
Besides delisting the trading pairs, Binance said it would deactivate the spot trading bot services for the pairs on the same day and time, urging users to “update or cancel” their bot services to “avoid any potential losses.”
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Other spot trading pairs delisted along with TUSD’s include ARPA/BNB and EDU/BNB.
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