Binance Announces Delisting of 14 Trading Pairs Linked to DOGE, SOL, XRP, and BUSD

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The cryptocurrency exchange Binance has announced the removal of 14 spot trading pairs from its platform, affecting popular digital assets including Dogecoin (DOGE), Solana (SOL), XRP, and Binance USD (BUSD). The delisting process will begin on September 29, 2023, in two phases—first at 05:00 UTC and then at 07:00 UTC.

This move is part of Binance’s ongoing efforts to maintain a high-quality trading environment by periodically reviewing the performance and viability of listed trading pairs. The exchange emphasized that low liquidity and insufficient trading volume were key factors behind the decision. By streamlining its offerings, Binance aims to enhance user experience and ensure market efficiency across its platform.

Affected Trading Pairs and Timeline

The delisted pairs fall into two categories: those paired with BUSD and those associated with BIDR (Binance Indonesian Rupiah), a fiat-onramp solution for Indonesian users.

Phase 1: 05:00 UTC – BUSD Pairs Removed

On September 29, 2023, at 05:00 UTC, the following BUSD-based trading pairs will be delisted:

Phase 2: 07:00 UTC – BIDR and Additional Pairs Removed

Two hours later, at 07:00 UTC, the following pairs will cease trading:

Users are advised to adjust their open orders and manage their holdings before these deadlines to avoid any disruptions.

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Why Is Binance Removing These Pairs?

Binance regularly evaluates its trading pairs to ensure they meet specific standards related to market activity and user demand. According to the official announcement, the primary reasons for delisting include:

It's important to note that delisting a trading pair does not mean the underlying token is being removed from the platform entirely. For example, while DOGE/BIDR is being discontinued, users can still trade Dogecoin against other currencies like USDT or BTC. Similarly, SOL, XRP, and BUSD will remain available through alternative pairs.

What Should Users Do?

Holders of assets involved in the affected pairs should take proactive steps:

  1. Convert BUSD holdings: Binance has previously advised users to transition away from BUSD due to evolving regulatory landscapes. Consider swapping BUSD for stablecoins like USDT, FDUSD, or other supported alternatives.
  2. Adjust open orders: Cancel or modify any active trades involving the delisted pairs before the cutoff times.
  3. Monitor wallet balances: Ensure funds are not stuck in inactive pairs post-delisting.
  4. Explore alternative pairs: Continue trading your preferred assets using non-delistable pairs such as DOGE/USDT or SOL/USDC.

Failure to act may result in automatic conversion or forced closure of positions, depending on the exchange’s policies.

Understanding the Impact on Market Liquidity

Delistings can have ripple effects across the broader crypto ecosystem. When major exchanges like Binance remove trading options, it often leads to:

However, this also encourages healthier market dynamics by focusing attention on stronger, more actively traded assets. Traders benefit from tighter spreads and better execution when liquidity is concentrated.

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Frequently Asked Questions (FAQ)

❓ Will I lose my tokens if a trading pair is delisted?

No. Delisting only removes the ability to trade a specific pair. Your tokens remain safe in your wallet and can still be traded using other available pairs (e.g., DOGE/USDT instead of DOGE/BIDR).

❓ Can I still use BUSD on Binance after these changes?

Yes, but with limitations. While some BUSD pairs are being removed, BUSD itself remains supported. However, Binance has encouraged users to consider transitioning to other stablecoins due to regulatory developments affecting BUSD's status.

❓ What happens if I don’t withdraw or convert my assets before delisting?

If you hold balances in affected pairs after delisting, Binance may automatically convert them into a supported stablecoin or asset at prevailing market rates. This could result in unexpected tax implications or slippage.

❓ Are these delistings permanent?

Generally, yes. Once a pair is removed due to low activity, it rarely returns unless there's a significant resurgence in demand and liquidity.

❓ Why are BIDR pairs being removed?

BIDR is tied to Indonesia’s local currency and used primarily for IDR deposits and withdrawals. The removal likely reflects low usage or strategic shifts in Binance’s regional offerings rather than issues with the base cryptocurrencies.

❓ How often does Binance review its trading pairs?

Binance conducts regular assessments of all spot trading pairs. Reviews consider metrics like 30-day trading volume, order book depth, and community feedback. Changes can occur monthly or as needed based on performance.

Final Thoughts

Binance’s decision to delist 14 trading pairs underscores its commitment to maintaining a robust and efficient marketplace. While short-term adjustments may inconvenience some users, long-term benefits include improved liquidity concentration, reduced clutter, and enhanced security through better-managed markets.

Traders should stay informed about platform updates and proactively manage their portfolios in response to such changes. Monitoring official announcements and adapting strategies accordingly is essential in the fast-evolving world of digital assets.

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