Cryptocurrency Traders Brace for Impact of Upcoming Binance Update on Bitcoin BTC and Ethereum ETH Details Inside

Bijie.com reports:
TL; Dr
Binance will terminate six trading pairs, including BTC/AEUR and ETH/AEUR, starting from July 5th, possibly due to poor liquidity or other factors. Despite delisting some pairs, the company has also added new ones, such as WIF/BRL and ZK/USDC, although these pairs are not available for users in certain restricted regions.
Binance’s Latest Move
Binance, the world’s largest cryptocurrency exchange, will terminate trading services for the following six currency pairs: BTC/AEUR, ETH/AEUR, AI/TUSD, CHR/BNB, GAS/FDUSD, and LQTY/FFDUSD. The amendment will take effect on July 5th.
The company did not provide the exact reasons for delisting but mentioned its regular review of all listed spot trading pairs and the removal of some in cases of poor liquidity or other factors.
Most of the affected cryptocurrencies have seen losses today (July 3rd). Their poor performance aligns with the overall downturn in the industry. According to CoinGecko data, the global cryptocurrency market cap is currently around $2.35 trillion, a 3.5% drop compared to the previous day.
According to CryptoPotato, the price of Bitcoin (BTC) has dropped below the $60,000 mark, while Ethereum (ETH) has fallen to around $3,300.
In contrast to discontinuing some existing trading pairs, Binance has recently added new ones to its platform. WIF/BRL, ZK/USDC, and ZRO/USDC have been included in Binance Spot. It is worth noting that not all customers can access this service:
“At present, users residing in the following countries or regions will be unable to trade the aforementioned spot trading pairs: Canada, Cuba, Crimea, Iran, the Netherlands, North Korea, Syria, the United States and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, United States Virgin Islands), and any non-government-controlled areas in Ukraine.”
Previous Binance Announcements
Since the beginning of this year, the exchange has implemented several similar reforms. Last month, it ceased trading services for pairs such as ALACA/BTC, NFP/TUSD, MDX/BTC, QUICK/BTC, and XAI/BNB.
A few months ago, Binance terminated all operations involving Monero (XMR), which led to a sharp decline in the popular privacy coin’s price.