Binance will be removing another five markets from its platform. None of these are big surprises, as they tend to create little to no trading volume whatsoever.
5 Trading Markets to be Deleted
By supporting hundreds of crypto assets, tokens, and stablecoins, a lot of possible trading combinations come into the picture.
Not all of these offerings will work out in the end, however. That is only to be expected, yet it is difficult to predict which markets will underperform in advance.
For Binance, it appears that USDS and PAX markets remain somewhat small. The exchange will remove the following pairs as of tomorrow, February 20.
- BAT/PAX
- BNB/USDS
- BTC/USDS
- ONT/PAX
- VIA/BNB
What is remarkable is how two Binance Coin markets are also affected. Binance's native token has recently gone through a massive price increase.
It can still be traded against many assets. BNB Remains one of the few base trading markets for new assets added to the platform.
The removal of one Basic Attention Token trading pair is a bit surprising. That said, BAT/PAX isn't even in the top 50 trading pairs for BAT ranked by volume. Over the past 24 hours, it generated just $12,000 in trades.
On Binance, BAT is one of the assets with ample trading markets. Even with the removal of BAT/PAX, there are still 8 other pairs available. Three of those are tied to other stablecoins, such as USDT, USDC, and TUSD.
