{"id":150735,"date":"2023-09-06T14:35:20","date_gmt":"2023-09-06T09:05:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=150735"},"modified":"2023-09-06T14:35:20","modified_gmt":"2023-09-06T09:05:20","slug":"this-cardano-ada-pair-removed-from-binance-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/this-cardano-ada-pair-removed-from-binance-crypto-news\/","title":{"rendered":"This Cardano (ADA) Pair Removed From Binance &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__lead-img--wrapper\" href=\"https:\/\/u.today\/arman-shirinyan\"><\/p>\n<p><\/a><\/p>\n<div class=\"article__lead-info\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__lead-name\" href=\"https:\/\/u.today\/arman-shirinyan\">Arman Shirinyan<\/a><\/p>\n<p>Removal of Cardano trading pair from Binance should not make you worry at all<\/p>\n<\/div>\n<\/div>\n<div>\n<p dir=\"ltr\">Binance, one of the world&#8217;s leading crypto exchanges, has announced the removal of several trading pairs, including Cardano&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/binance-adds-xrp-and-dogecoin-to-fdusd-trading-lineup\">ADA<\/a>\/BIDR. The change is set to take effect on Sept. 8, and it has gotten people wondering: why this, why now?<\/p>\n<p dir=\"ltr\">First off, let&#8217;s take a look at the market. As of the latest data, Cardano (ADA) is trading at approximately $0.256. While not dismal, it is not exactly setting the world on fire either. Could this be a reason for its removal from Binance? Not likely.<\/p>\n<div class=\"raw-html-embed\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Binance will remove the following spot trading pairs and cease trading on September 8, AUDIO\/BUSD, BAT\/BUSD, BSW\/BUSD, CITY\/BUSD, CVX\/BUSD, FORTH\/BUSD, JUV\/BUSD, MOB\/BUSD; OGN\/BUSD, OMG\/BUSD, PLA\/BUSD, POLS\/BUSD, REI\/BUSD, RSR\/BUSD, SCRT\/BUSD, TVK\/BUSD; 17:00: ADA\/BIDR,\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1699299600262431010?ref_src=twsrc%5Etfw\">September 6, 2023<\/a><\/p><\/blockquote><\/div>\n<p dir=\"ltr\">The more plausible explanation here is liquidity \u2014 or, rather, the lack of it. Exchanges often delist trading pairs that are not generating enough trading volume. It is a business move, pure and simple. Low liquidity can lead to price manipulation and makes the trading pair less attractive for both the exchange and its users.<\/p>\n<p dir=\"ltr\">But let&#8217;s not single out <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/cardano-djed-stablecoin-receives-big-code-upgrade-details\">Cardano<\/a>. The list of soon-to-be-axed trading pairs is long and includes other assets like AUDIO\/BUSD, BAT\/BUSD and MATIC\/BIDR, among others. Cardano is in good (or should we say, bad?) company.<\/p>\n<p dir=\"ltr\">Now, what does this mean for Cardano&#8217;s future? Well, it is a hiccup, not a death sentence. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/cardano-sees-16-million-transaction-boost-in-august\">Cardano<\/a> has been making strides in technological advancements and adoption. It has a robust team and a community that is passionate, not just speculative. This delisting is not something that you should be worried about.<\/p>\n<p dir=\"ltr\">Binance&#8217;s decision to remove the ADA\/BIDR trading pair is most likely a liquidity-driven move. It is a reminder that in crypto, not everything that glitters is gold \u2014 or, in this case, not every trading pair that exists is profitable or even safe to utilize.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Arman Shirinyan Removal of Cardano trading pair from Binance should not make you worry at all Binance, one of the world&#8217;s leading crypto exchanges, has announced the removal of several trading pairs, including Cardano&#8217;s ADA\/BIDR. The change is set to take effect on Sept. 8, and it has gotten people wondering: why this, why now? [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":150736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-150735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=150735"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150735\/revisions"}],"predecessor-version":[{"id":150742,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150735\/revisions\/150742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/150736"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=150735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=150735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=150735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}