Binance Withdraws Popular Pairs With Australian Dollar Amid Regulatory Difficulties – NewsTo
Binance Withdraws Popular Pairs With Australian Dollar Amid Regulatory Difficulties

Binance Withdraws Popular Pairs With Australian Dollar Amid Regulatory Difficulties


Binance has announced that on May 26, multiple crypto-to-AUD (Australian dollar) spot trading pairs will be delisted from the exchange.

Several BTC, AUD, and altcoin pairs will no longer be supported on Binance’s spot trading platform, the largest centralized bitcoin (BTC) trading venue and cryptocurrency exchange in the world by trading volume.

According to the exchange, support for the following pairings will also be indefinitely terminated at 5:00 UTC on the same day: APE/AUD, avalanche (AVAX)/Australian dollar(AUD), AXS/AUD, DOT/AUD, FTM/AUD, LINK/AUD, SAND/AUD, and SHIB/AUD.

The absence of a substantial trading volume and Binance Australia’s recent prohibition of AUD deposits could be the key drivers for this decision.

The aptos (APT) / borealis (BRL), amp (AMP) / bitcoin (BTC), bella protocol (BEL) / ether (ETH), stafi (FIS) / borealis (BRL), galxe (GAL) / ether (ETH), and GMT/BRL pairs will be delisted at precisely 03:00 (UTC) on May 26, 2023, according to a team announcement on May 24. 

Additionally, the delisting will affect the following pairs: GMT/GBP, JASMY/BTC, KP3R/BNB, REI/BNB, SANTOS/BRL, SMTX/BTC, and XTZ/BNB.

It has been made clear by Binance that its trading bots services for the impacted pairings will also end on that day. The delisted assets can still be traded against other trading pairs on the exchange by users.

At the time of writing, the price of BNB, the ecosystem token for Binance, is trading at $308.84, a 1.6% decline over the day before. According to CoinGecko, BNB has a market value of $48,733,522,667 and a $462 million 24-hour trading volume.

Binance Withdraws Popular Pairs With Australian Dollar Amid Regulatory Difficulties

From its all-time high (ATH) of $686.31 in May 2021, BNB has decreased by 54.99%.

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