Binance To Discontinue With 10 Currency Pairs, Check Why?

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Binance To Discontinue With 10 Currency Pairs, Check Why?

Binance To Discontinue With 10 Currency Pairs: Binance, one of the largest cryptocurrency exchange, announced on the 19th that it would stop offering currency pairs of stocks.

Target pairs are DGB / BNB, IOST / BNB, NEBL / ETH, NMR / BNB, PIVX / ETH, REP / ETH, RVN / BNB, SC / BNB, STMX / BNB, SUSHI / BIDR (Indonesia Rupiah) .. Trading is scheduled to stop at 12:00 on January 21, Japan time. Since the provision of currency pairs has been abolished, there is no impact on the handling of each issue. Binance still offers currency-denominated trading pairs such as USDT and BUSD.

In addition, Binance tends to be added or removed frequently depending on the liquidity of currency pairs and the demand from users. Some currency pairs were abolished in December last year, but 12 new currency pairs were added last week.

Binance is all set to establish digital assets in Thailand

World-famous cryptocurrency exchange with many stocks, trading volume, and registrants. In addition to operating the exchange, it also creates learning content, develops its blockchain, and operates the NFT (Non-Fungible Token) marketplace.

Binance, a major cryptocurrency exchange, has also signed a memorandum of understanding (MoU) with the IT company “Gulf Innova Company.”

Victoria | Bitcoin World

The two companies will work together to open digital asset exchanges and conduct related businesses in Thailand. Binance is said to provide technology for opening an exchange.

Gulf Innova Company is a wholly-owned subsidiary of the Gulf Energy Development Public Company (Gulf Energy Development), an energy company whose CEO is Thai billionaire Sarath Ratanavadi. The signing of this memorandum was revealed when the parent company Gulf Energy Development reported to the Securities and Exchange Commission (SEC) of Thailand on the 17th.

In this report, Gulf Energy Development predicts that Thailand’s digital infrastructure will grow exponentially as the economy grows through technological innovation. At that time, he claims that digital assets and related technologies will play an important role in improving the efficiency of financial infrastructure.