Binance to Remove ALCX, FOR, LOOM, NMR, PEOPLE, PUNDIX, SPELL, STORJ from BUSD Trading Pairs on August 25, 2023

On 2023-08-23, Binance, one of the leading cryptocurrency exchanges, made an official announcement regarding the removal of specific spot trading pairs. Effective from 2023-08-25 at 03:00 (UTC), the following spot pairs will no longer be available for trading on the platform: ALCX/BUSD, FOR/BUSD, LOOM/BUSD, NMR/BUSD, PEOPLE/BUSD, PUNDIX/BUSD, SPELL/BUSD, and STORJ/BUSD.

However, Binance has clarified that users can continue to trade these assets using other available trading pairs on their platform.

In addition to the removal of these spot pairs, Binance will also discontinue the Trading Bots services for these pairs. The termination will take effect at the same time as the removal of the spot pairs, i.e., 2023-08-25 at 03:00 (UTC). Binance has strongly advised its users to either update or cancel their Trading Bots associated with these pairs to prevent any potential losses.

For any discrepancies between translated versions of this announcement and the original English version, Binance has stated that the English version will take precedence.

The Binance Team expressed gratitude to its users for their continued support.

Recent Binance Removals

SOLBUSD Perpetual Contract Adjustments (August 21, 2023): Binance Futures announced the delisting of the USDⓈ-M SOLBUSD Perpetual Contract, effective from August 28, 2023, at 09:00 (UTC). Prior to this, leverage and margin tiers were adjusted on August 21, 2023, at 12:30 (UTC).

LTCBUSD and DOGEBUSD Perpetual Contracts Adjustments (August 17, 2023): Binance Futures revealed changes to the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts. All positions on these contracts were set to be closed by August 24, 2023, at 09:00 (UTC), followed by delisting. Leverage and margin tiers for both contracts were adjusted on August 17, 2023, at 12:30 (UTC).

Spot Trading Pairs Removal (August 16, 2023): Binance discontinued several spot trading pairs, effective from August 18, 2023, at 03:00 (UTC). Affected pairs included CKB/BUSD, FARM/BUSD, ORN/BUSD, and others.

Margin Pairs Delisting (August 16, 2023): Binance Margin announced the delisting of several cross margin and isolated margin pairs, including EPX/BUSD, GAL/BUSD, and GMX/BUSD, effective from August 24, 2023, at 06:00 (UTC).

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Coinbase Lists Two New Ethereum-Based Altcoin Projects, Sparking Big Rallies

A pair of altcoins are seeing bullish price action after a surprise listing by top US crypto exchange Coinbase.

In an announcement, Coinbase says that multichain interoperability platform Loom Network (LOOM) is live for buying and selling on its main website as well as iOS and Android apps.

Loom Network aims to give developers of decentralized applications (DApps) tools that are both scalable and designed for ease of use.

The project website says,

“With seamless integrations to Bitcoin, Ethereum, Binance Chain, and all major blockchains, deploying once to Loom lets you future-proof your DApp by reaching the largest number of users possible.”

LOOM, the project’s native token secures the Basechain mainnet and can also be used by developers to pay their DApp hosting fees.

News of the Coinbase announcement initially had Loom Network weaving threads of gold as it soared nearly 28% from $0.077 to $0.107, before correcting in several legs down to $0.081. LOOM remains up by 5% overall.

Also getting the green light from Coinbase Pro is the pet-focused Pawtocol, whose native token UPI stands for Universal Pet Income.

Citing problems in pet care such as poor health, deceptive advertising practices and corporate monopolies, Pawtocol aims to harness the power of blockchain technology to revolutionize the industry.

According to the whitepaper,

“Pawtocol was inspired by a shared vision to build a global community of pet parents, service providers, and manufacturers who are unified towards improving pet care.

We have a mission to help pets around the world live longer and healthier lives by empowering pet caretakers with cutting-edge technology and data.”

Animal lovers can earn UPI by sharing data from their pet’s scannable, blockchain-connected tag and then use the token to purchase toys and food.

News of the Coinbase listing has seen Pawtocol fetching impressive gains, initially rallying from $0.09 to $0.15 for a quick 66% gain before correcting. At time of writing, UPI is trading just under $0.12.

Coinbase says that UPI will be available to trade paired with USD and USDT once appropriate liquidity conditions are met.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/prodigital art/Natalia Siiatovskaia/Fotomay


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