The world’s largest trade, Binance, is delisting its personal token for buying and selling towards the Uganda shilling (UGX).
In keeping with a Sept. 9 announcement, the Binance Uganda platform determined to delist and stop buying and selling on all buying and selling pairs for Binance’s native token, Binance Coin (BNB).
The BNB/UGX buying and selling pair can be formally faraway from Binance on Sept. 17, whereas BNB deposits can be terminated on Sept. 10, the trade stated. BNB withdrawals can be nonetheless accessible on Binance Uganda until Nov. 6, Binance famous.
Binance supplied little details about the explanations behind the delistings, solely stating that the BNB/UGX buying and selling pair apparently didn’t meet the trade’s “buying and selling commonplace.” Apparently, the buying and selling pair didn’t have enough buying and selling quantity and liquidity, in accordance with Binance’s assertion:
“At Binance.co.ug, we periodically evaluation the buying and selling quantity and liquidity of the belongings we checklist to ensure our excessive stage of normal is met. Sadly, when this buying and selling commonplace just isn’t met, their efficiency is topic to evaluation and will outcome within the delisting of the coin or token.”
Binance has not responded to Cointelegraph’s request for feedback at publishing time.