Binance announces the removal of 57 spot trading bots
Starting Sept. 29, Binance will remove Spot Trading Bots services from trading pairs including AAVE/BNB and ZIL/BNB.
The announcement comes amid reports of decreasing Binance trading volumes, likened to regulatory challenges and end of zero-fee commissions.
57 down and potentially more to follow
The Spot Trading bot services that were removed are listed on the Binance website. The reason for these mass removals, according to Binance, is a “service alteration to improve the user’s trading experience.”
Binance first announced the removals in a Sept. 21 tweet. A follow-up tweet from the next day stated that despite these removals there will be the addition of two service bot trading pairs, BTC/FDUSD and USDT/TRY.
The announcement comes two days after Binance shared the discontinuation of 15 spot trading pairs, listing poor liquidity and trading volume as the reason for this decision.
Unfortunately, this might not be the end of service adjustments made to the Binance platform as a former executive also flagged the potential removal of EU stablecoins in the face of MiCA regulation uncertainty earlier this week.
Trouble isn’t over
Given Binance’s ongoing battle with the U.S. Securities and Exchange Commission and recent reports of plummeting Bitcoin volume in September, it shouldn’t come as a surprise that some operational changes are necessary to weather the storm.
