The world’s largest cryptocurrency exchange, Binance, has announced that it will delist two trading pairs from its spot market.
On Wednesday, September 18th, Binance issued an official statement declaring that it would remove two trading pairs associated with Bancor Network (BNT) and Metis (METIS) cryptocurrencies from its spot trading offerings.
According to the announcement, the BNT/BTC and METIS/BTC trading pairs will be delisted as of September 20th at 06:00 AM (UTC). Additionally, Binance noted that trading bots connected to these pairs would also be shut down simultaneously.
Binance emphasized that users can still trade these assets through other available pairs on the platform. The company advised investors to disable their trading bots promptly to avoid potential losses.
This move highlights Binance‘s ongoing efforts to streamline its offerings and enhance trading efficiency on its platform.
What Are Bancor Network (BNT) and Metis (METIS)?
Bancor Network (BNT) is a decentralized liquidity network that allows users to seamlessly swap tokens across different blockchains. Bancor offers liquidity providers an automated market maker (AMM) system, enabling users to exchange tokens without being exposed to price slippage. Bancor’s native token, BNT, is at the core of this ecosystem, ensuring smooth transaction execution.
Metis (METIS), on the other hand, is a layer 2 solution designed to enhance the scalability of the Ethereum network. Metis aims to solve Ethereum’s congestion issues by providing faster and more cost-effective solutions for decentralized applications (dApps) and business models. The METIS token is used to pay transaction fees and participate in governance on the platform.
Both projects play a significant role in the decentralized finance (DeFi) space, offering essential tools for the blockchain ecosystem.
