Is NOT and RDNT Price at Risk?
Binance, the world’s largest cryptocurrency exchange, announced the removal of two major NOT/BNB and RDNT/BTC spot trading pairs from its exchange. The decision follows Binance’s regular review process, which assessed factors such as declining liquidity and trading volume issues. If you currently hold a position on these currency pairs, here’s everything you need to know.
Why did Binance delete these trading pairs?
in a announcementBinance said it regularly reviews all trading pairs to ensure a smooth and efficient user experience. They decided to remove NOT/BNB and RDNT/BTC because these pairs did not have enough trading activity and liquidity to remain on the platform.
Simply put, their trading volume is not high enough to meet Binance’s standards for maintaining their usability.
As part of Binance’s commitment to enhancing user experience, only currency pairs that maintain healthy trading activity and liquidity levels will remain on the platform.
When will delisting take place?
The removal will take place on December 6, 2024 at 03:00 UTC. Meanwhile, from that point on, users will no longer be able to trade NOT/BNB or RDNT/BTC on Binance.
However, Binance will not completely remove individual coins from the platform. Users can still trade the underlying and quoted assets of these pairs on Binance’s other available markets.
Impact on spot trading robots
If you are using the spot trading bot with NOT/BNB or RDNT/BTC pairs, you need to act quickly. Binance will stop supporting trading bots for these currency pairs on December 6 at 03:00 UTC. This means that any active bots using these pairs will stop working. Therefore, in order to avoid any problems or losses, users are strongly recommended to update or cancel their bots in advance.
For most users, the impact will be minimal as long as they are not heavily invested in these specific trading pairs.
