Binance Pauses Services and Delists Several Crypto Pairs: Who Is Affected?
The world’s largest cryptocurrency exchange will conduct a major scheduled upgrade on Saturday that will pause certain trading activities.
The second major statement from the firm outlined the delisting of numerous trading pairs, one even against BTC.
An Upgrade and Delistings
Binance revealed that it will temporarily halt US stock trading on the platform on August 8 due to a scheduled system upgrade carried out by a partner broker. The process is set to be completed in approximately three hours, and during this period, users will not be able to access such services.
The company has the habit of briefly pausing operations to support certain improvements. Not long ago, it performed wallet maintenance for the Tron Network, making TRX deposits and withdrawals unavailable for about an hour. It also supported a Zcash hard fork, temporarily suspending ZEC deposits and withdrawals.
Binance also regularly checks all listed spot trading pairs available on its platform and scraps those that no longer meet important criteria like adequate liquidity and volume. Based on its latest analysis, it will delist QNT/BTC, RPL/USDC, SIGN/BNB, and SKL/USDC on August 7.
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