Binance Removes Multiple Trading Pairs, Opens Account Registration for Puerto Rico Residents
Binance is making several changes to its list of assets recently. The company decided to delist several trading pairs from its list. Curiously, some of the assets that were removed include some of the tokens that were launched via the Binance Launchpad.
According to the exchange, the trading pairs will be removed to improve the liquidity of the platform and improve the overall trading experience of the users.
A total of 30 trading pairs were removed, including the famous BitTorrent Token (BTT) /Bitcoin (BTC) trading pair. Now, BTT can be only be traded with stablecoins such as Tether, Paxos Standard (PAX), TrueUSD and USD Coin (USDC).
This may have happened partly because the BTT token was a huge disappointment. It was one of the most hyped launches on the platform and still, its price fell quite substaintially. It was being traded for 35 Satoshi after the launch against only 5 Satoshi now.
Binance also delisted trading pairs including the Elrond Network (ERD), WINk (WIN) and Harmony (ONE). All of these tokens still have some trading pairs on the platform, only with less variety now.
The company affirmed that part of the reason why the delisting happened is that some of the trading pairs were considered to be causing too much volatility to the tokens because they were illiquid markets.
Binance.US Opens Up Registration For Puerto Rico Residents
The U. S. version of Binance, known as Binance.US, also has updates. Now, people from Puerto Rico, a region under the control of the U. S., will be able to open up accounts. These users will have the same level of access as the U. S. residents from the states in which trades are already happening. Puerto Rico residents also get special zero trading fees for a month as part of the launch.
Binance.US went live on September 24 and it currently offers 13 trading pairs.