Binance announces that trading on the three spot trading pairs of OPEN / FDUSD, SAGA / FDUSD, and VELODROME / USDC will be ceased at 03:00 Coordinated Universal Time (UTC) on September 11. This adjustment is only applicable to certain stablecoin trading pairs and does not involve the complete removal of these tokens from trading.
Remove only some trading pairs.
What was removed this time is the spot market with weaker liquidity. OPEN, SAGA, and VELODROME will still remain on the platform, and users will be able to continue trading through other more active pairs in the future, such as the USDT or BTC pricing markets.
Liquidity is concentrating towards mainstream currency pairs.
Binance will regularly assess the liquidity and trading activity of each pair, and clean up markets with insufficient trading activity in order to reduce the occupation of order books with low liquidity and maintain the overall trading efficiency of the spot market.
- The trading volume of some FDUSD altcoins accounts for approximately 0.06% to 0.14%.
- The daily trading volume is roughly between $100,000 and $300,000.
- The data cited in the text is from CoinMarketCap.
The report mentions that the liquidity related to FDUSD has now clearly concentrated in a few mainstream trading pairs, mainly in markets such as ETH, USDT, and BTC. The trading activity for token pairs with medium market capitalization remains relatively low.
Spot robots will be terminated simultaneously.
As the related markets cease trading, Binance will also automatically terminate the spot trading robots corresponding to these three pairs of trading pairs. Users who employ automated strategies such as grid trading need to check the status of their orders and strategies before they are taken down.
If there are unprocessed orders remaining before trading is stopped, in a low-liquidity environment, the transaction price may deviate from expectations. Such adjustments usually have a direct impact on the execution of automated strategies.
