Article reading time:
1 min.
related article: He was bullied at school but now lives a lavish lifestyle thanks to trading in Bitcoin and other cryptocurrency
The largest cryptocurrency exchange Binance announced the imminent shutdown of 11 trading pairs with the Australian dollar. Access to trading pairs will be disabled on June 1st.
related article: Australian investor bought a 2,800sqm property in Charleville with money he earned by innovative financial tool
Spot trading will be terminated at 6 a.m.UTC for trading pairs ADA/AUD, AUD/BUSD, AUD/USDT, BNB/AUD, BTC/AUD, DOGE/AUD, ETH/AUD, GALA/AUD, MATIC/AUD, SOL/AUD and XRP/AUD. All other trading pairs with the Australian dollar will continue to work, at least for now.
The Binance announcement states that at the same timewith the disabling of access to trading pairs, trading bots for these currency pairs will also stop working. Therefore, traders using this functionality are advised to close deals on the above-mentioned instruments in advance and disable trading bots.
Analysts attribute the reduction in the number of trading pairs with the Australian dollar to the tightening of regulation of digital assets on the Green Continent.
Recall that a few hours ago, the Binance exchangedisabled 21 trading pairs. They also include currency pairs with the Australian dollar - APE/AUD, AVAX/AUD, AXS/AUD, DOT/AUD, FTM/AUD, LINK/AUD, SAND/AUD, SHIB/AUD.