Binance, the leading cryptocurrency exchange, has announced another round of delistings that impact various altcoin traders. At the same time, it plans to introduce six new trading pairs to enhance the offerings on Binance Spot.

Changes Impacting Ukrainians

The exchange performed a regular review of its listed pairs to assess factors like liquidity and trading volume. As a result, it has decided to remove several pairs, including BTC/UAH and COMP/BTC. This alteration will come into effect on January 27.

The delisting of the BTC/UAH pair, which includes the Ukrainian Hryvnia, poses a challenge for local traders, making it more cumbersome to enter and exit the cryptocurrency market. Consequently, users may need to convert their funds into another fiat currency before accessing Bitcoin, adding unnecessary steps to their transactions.

It’s noteworthy that most tokens facing delisting have experienced a drop in value, likely due to the recent market downturn rather than the announcement itself.

Expanding Trading Options

In addition to the delistings, Binance also revealed plans to broaden its offerings by adding six new trading pairs, including BNB/U and ETH/U, effective January 27. This move aims to improve the trading environment for users and eliminate fees for these new pairs temporarily.

“During the Validity Period, standard taker fees will apply to regular and VIP 1 users…”

Translation: “Standard taker fees will be applicable during the validity duration for regular and VIP 1 users…”

Tags include Binance and Crypto.