Bitlinex to Delist Eight Trading Pairs by 2023
According to the official announcement on February 24, Bitlinex will be off the shelf at 10:00 UTC on July 3, 2023, including eight trading pairs: SENATE (SENA…
According to the official announcement on February 24, Bitlinex will be off the shelf at 10:00 UTC on July 3, 2023, including eight trading pairs: SENATE (SENATE/USDt), Spell (SPELL/USDt), SX Network (SXX/USDt), 0x (ZRX/BTC), Rootstock RSK Smart (RBT/BTC), Dai (DAI/ETH), IOTA (IOT/ETH), 0x (ZRX/ETH).
Bitlinex will take off DAI ETH and other eight trading pairs
Interpretation of the news:
Bitlinex, a popular cryptocurrency exchange, recently made a significant announcement that they will delist eight trading pairs. These eight trading pairs include SENATE (SENATE/USDt), Spell (SPELL/USDt), SX Network (SXX/USDt), 0x (ZRX/BTC), Rootstock RSK Smart (RBT/BTC), Dai (DAI/ETH), IOTA (IOT/ETH), and 0x (ZRX/ETH). According to Bitlinex’s official announcement on February 24, 2023, it will be off the shelf at 10:00 UTC on July 3, 2023.
Bitlinex aims to bring the utmost security and reliability for the users of its cryptocurrency exchange. Therefore, in its official statement, the company explained that the decision to delist these specific trading pairs was made due to the recent changes and volatility in the cryptocurrency market. Bitlinex intends to provide its platform to trade only those cryptocurrencies that are consistent with its evaluation of credibility and market stability.
The first trading pair to be delisted is the SENATE/USDt. SENATE is a cryptocurrency that rewards web traffic and decentralization, and USDt is a stablecoin that has been pegged to the US dollar. The second pair to be delisted is SPELL/USDt, which enables the holder to explore the DeFi sector. After these, Bitlinex will delist SX Network (SXX/USDt), Rootstock RSK Smart (RBT/BTC), DAI/ETH, IOTA/ETH, 0x(ZRX/BTC), and 0x(ZRX/ETH).
In conclusion, Bitlinex’s decision to delist these trading pairs is a significant move designed to improve the security and reliability of its platform. The company aims to ensure that it caters to the most reliable cryptocurrencies in the market, whose stability is not easily affected by the crypto market’s inherent volatility. The delisting of these trading pairs does not imply that these cryptocurrencies are not valuable; it merely signifies Bitlinex’s leadership towards accountability and security.
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