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Binance is going to remove TrueUSD (TUSD) trading pairs from their platform.

  • Binance is going to stop trading TrueUSD on March 15 to make the market better and keep users safe.
  • TrueUSD had problems earlier this year, like a data breach and not staying worth one dollar.
  • TrueUSD will continue to be available for trading on Binance using different pairs even though it is being removed from some trading pairs.

Binance, a big cryptocurrency exchange, is going to remove several TrueUSD (TUSD) trading pairs because they want to make sure the market stays good and customers are safe.

Announcement that something has been removed or taken off a list

On March 13, 2024, Binance said they will no longer let people trade TUSD with some other currencies on their platform. The pairs that are affected are COMP/TUSD, EDU/TUSD, and PENDLE/TUSD. The exchange will stop trading BNB pairs for Arpa and EduCoin. The removal process is set for March 15, 2024, at 3:00 am UTC.

Binance said they remove tokens from time to time to protect users and keep trading safe. Reasons for trading pairs being removed usually involve not enough people buying and selling and not enough trading happening. However, the exchange wants to make clear that if trading pairs are removed, it doesn’t mean that the asset will be completely taken off Binance.

Binance removed some trading pairs, but tokens like TrueUSD will still be available for trading in other pairs. Right now, TUSD is connected with well-known cryptocurrencies like Bitcoin, Cardano, Avalanche, and Bitcoin Cash on Binance.

The effect on automated trading programs

Binance is stopping trading for some pairs and also stopping their trading bot services for those pairs on March 15, 2024 at 3:00 am UTC. To reduce possible losses, the exchange told users to do things like update or delete their bots before the specified date and time.

TrueUSD has faced many problems since the end of 2023. On October 17, the stablecoin’s team announced that they might have accidentally shared some personal information of their users with another company.

Earlier this year, TrueUSD’s value dropped below one dollar after a lot of people sold their TrueUSD. On January 15, the token’s price went down to $0. 984 because traders sold over $339 million worth of TUSD tokens. There were rumors about why TrueUSD was not included in the exchange’s Manta launch pool.

Binance chose to remove some TrueUSD trading pairs to make sure that the trading market is good and to keep users safe. Even though certain pairs are being taken out, you can still trade TrueUSD on the exchange with other pairs. People should be careful when using trading bot services and keep themselves informed about any new changes or updates.

Warning: The information given is not advice for trading.

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