The XRP/BUSD trading pair is poised to be delisted from Binance, the world’s largest crypto exchange by trading volume.
According to an official statement issued by the crypto exchange, the XRP/BUSD cross margin and isolated margin pairings will be delisted on November 23 at 6:00 a.m. (UTC).
The news has an effect on the BNB/BUSD trading pair because it will also be delisted from Binance Margin.
On November 23 at 6:00 a.m. (UTC), Binance will terminate users’ positions and execute an automated settlement before canceling any pending orders on the XRP/BUSD cross and isolated margin pairings. Following that, the pair will be deleted from Binance Margin.
Consequently, before margin trading ends on November 23 at 6:00 a.m. (UTC), users are highly encouraged to close their positions and/or move their assets from margin wallets to spot wallets. This is because they won’t be able to change their positions throughout the delisting process.
The XRP/BUSD pair is the only one affected by this news; customers may still trade other XRP trading pairs that are accessible on Binance Margin.
The largest market for XRP is still Binance, where 16% of daily volumes are accounted for by the XRP/USDT trading pair on the cryptocurrency exchange.
The BUSD pair is being delisted as Binance, a cryptocurrency exchange, “gradually” stops supporting the BUSD stablecoin, removing it from pairings that may be traded on margin and in spot markets.
As of this writing, XRP was down 1.76% over the last 24 hours to $0.639, according to statistics from CoinMarketCap.
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