Binance Freezes Trading and Delists Crypto Pairs Amid Scheduled Upgrade

Binance is set to conduct a major upgrade on August 7 and 8, which will temporarily halt certain trading activities. The second statement from the firm outlined the delisting of numerous trading pairs, including QNT/BTC, RPL/USDC, SIGN/BNB, and SKL/USDC, which will be removed due to inadequate liquidity and volume. Users will still be able to trade the base and quote assets on other available trading pairs.

The company has a habit of briefly pausing operations to support improvements. It recently performed wallet maintenance for the Tron Network and supported a Zcash hard fork, temporarily suspending deposits and withdrawals. Binance regularly checks listed spot trading pairs and delists those that no longer meet important criteria.

This upgrade will also see US stock trading paused on August 8 due to a scheduled system upgrade carried out by a partner broker. The process is expected to be completed in approximately three hours, during which users will not have access to such services.