Binance to Delist Several TrueUSD Trading Pairs

Binance, one of the leading cryptocurrency exchanges, has announced its decision to delist several TrueUSD (TUSD) trading pairs. TrueUSD is a stablecoin associated with Tron founder Justin Sun.

On March 13, Binance made a formal announcement regarding the removal of certain TUSD pairs from its platform. The affected trading pairs include COMP/TUSD, EDU/TUSD, and PENDLE/TUSD. Additionally, Binance will also delist BNB pairs for Arpa and EduCoin. The delisting of these pairs is scheduled for March 15, 2024, at 3:00 am UTC.

Binance explained that the periodic delisting of tokens is done to ensure user protection and maintain a high-quality trading environment. Reasons for delisting trading pairs may include low liquidity and trading volume. However, it is important to note that delisting a trading pair does not mean the asset is removed entirely from Binance. Users can still trade the base and quote assets of the delisted pairs on other available trading pairs on the exchange.

Despite the delisting, TrueUSD will still be available for trading on Binance through other trading pairs. Currently, TUSD is paired with popular cryptocurrencies like Bitcoin (BTC), Cardano (ADA), Avalanche (AVAX), and Bitcoin Cash (BCH) on the exchange.

In addition to delisting the trading pairs, Binance also announced the termination of spot trading bots services for these pairs on the same date and time. Users are advised to update or cancel their trading bots before the scheduled delisting to prevent any potential losses.

TrueUSD has faced challenges since the fourth quarter of 2023, including a data breach that exposed certain user information. The stablecoin also experienced a drop below its dollar peg earlier this year when holders exchanged TUSD for Tether (USDT), causing its price to decline.

As Binance takes steps to optimize its trading environment, users are encouraged to stay informed about the latest developments in the cryptocurrency market. Keep up with the latest news and updates on Global Crypto News to make informed decisions about your crypto investments.

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