Cryptocurrency Q&A
Is Busd being discontinued?
Is Busd being discontinued?
KatanaBladed
Fri Aug 02 2024
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7 answers
1711
Excuse me, I've been hearing some rumors that BUSD, the Binance USD stablecoin, might be facing discontinuation. Could you please clarify the situation for me? Are there any official announcements or statements from Binance or the issuer of BUSD regarding its future? Are there any concerns or reasons why BUSD might be discontinued, or is this just a rumor with no basis? I'd really appreciate it if you could shed some light on this matter for me.
7 answers
Federica
Sat Aug 03 2024
LRC/BNB and MBL/BUSD are two more trading pairs that will be discontinued. Users who hold these assets on Binance should make arrangements to move them to another platform or convert them to other supported assets before the deadline.
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Matteo
Sat Aug 03 2024
Binance, a leading cryptocurrency exchange platform, has made a recent announcement regarding its trading pairs. The platform will be discontinuing several spot trading pairs, effective September 1, 2023. This move is a strategic decision aimed at streamlining its offerings and focusing on core markets.
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AzurePulseStar
Sat Aug 03 2024
MTL/ETH is the last of the affected trading pairs. Binance's decision to discontinue these pairs is part of its ongoing efforts to optimize its trading platform and provide users with the best possible experience.
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Riccardo
Sat Aug 03 2024
Among the affected trading pairs are ANKR/BNB, CVC/BUSD, and EPX/BUSD. These pairs have been an important part of Binance's ecosystem, but due to various factors, the platform has decided to cease trading in them. Users are advised to take necessary actions before the deadline.
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Valeria
Sat Aug 03 2024
Alongside this announcement, Binance has also revealed its plans to phase out support for its stablecoin, BUSD. While this move may come as a surprise to some, it is a strategic decision aimed at aligning with market trends and ensuring the long-term success of the platform.
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