One of the biggest crypto exchange Binance announced that it is set to discontinue its GBP stablecoin.
“Binance will remove and cease trading on the following trading pairs at 2020/11/17 12:00 PM (UTC):AE/ETH, BGBP/USDC, BLZ/BUSD, KMD/BUSD and NULS/ETH.Please note that BGBP/USDC is the last trading pair for BGBP,” Binance announced via a media release.
“For users still holding BGBP after trading ceases, they will be able to use the Convert function to convert their BGBP to GBP at a 1:1 ratio.Please note that users can still trade the above assets (excluding BGBP) in other trading pairs that are available on Binance.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses,” it added.
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