Binance removes 5 HNT, OOKI trading pairs, adds 18 new ones Binance removes 5 HNT, OOKI trading pairs, adds 18 new ones
Cross & isolated margin pairs HNT/BUSD, HNT/USDT and spot pairs HNT/BTC, HNT/USDT, OOKI/BNB will be removed next week, while 18 new ones are already added.
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Updated: Oct. 6, 2022 at 10:07 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Exchange giant Binance announced that it will remove HNT/BUSD and HNT/USDT cross & isolated margin pairs and HNT/BTC, HNT/USDT, and OOKI/BNB spot pairs next week. The cross & isolated pairs HNT/BUSD and HNT/USDT will be removed on Oct. 12, while the rest will be removed two days later, on Oct 14.
HNT/BUSD and HNT/USDT cross isolated margin borrowings will be suspended on Oct. 7 at 03:00 UTC. The announcement strongly advised investors to close their positions. The ones that are not closed until Oct. 12, 03:00 UTC, will be closed with an automatic settlement, and all pending orders will be canceled.
Newly added pairs
While the removal of the above-mentioned trading pairs will commence next week, the exchange already added 18 new pairs to its platform. These 18 pairs mainly consist of GMX and SNM, as they are added as borrowable assets on cross margin and isolated margins.
There are 15 new cross-margin pairs, which are BUSD AND USDT pairs of ATA, DGO, ERN, GMX, HIGH, LIT, and RSR. The SNM, on the other hand, is only paired with BUSD. The remaining three new pairs, GMX/BUSD, GMX/USDT, and SNM/BUSD, were added as isolated margin pairs.
Re-arranging support list
Binance has been re-arranging its list of supported tokens recently. On Sept. 29, the exchange announced that it will stop supporting USD Coin(USDC), TrueUSD (TUSD), and Paxos Standart (USDP) stablecoins.
Binance said that this decision was made to increase the platform’s liquidity and capital efficiency. Despite the decision, Binance users are able to withdraw and deposit USDCs to their Binance wallets.
One month later, on Oct. 5, Binance announced that it added GMX as a new asset. The decision was made after the GMX token gained considerable popularity during September and increased its volume above the $50 mark during the coldest winter in crypto history.
FTX also joined Binance’s decision to add GMX on the same day. This resulted in a 35% spike in the GMX price in 24 hours.
Mentioned in this article
Binance USD 
Bitcoin 
Ooki Protocol 
BNB 
Helium 
Tether 
GMX 
SONM 
Automata Network 
Ethernity Chain 
Litentry 
Reserve Rights 
USD Coin 
TrueUSD 
Pax Dollar 
Binance 
FTX Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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In this article
Binance USD
$1.00157
BUSD is a stablecoin issued by Paxos in partnership with Binance..
Bitcoin
$97,618.05
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ooki Protocol
$0.00010
Ooki is a powerful and fully decentralized margin trading, borrowing, and lending platform with a ton of features.
Helium
$7.26877
Helium (HNT) is a blockchain-based cryptocurrency that powers the Helium Network, a decentralized wireless infrastructure designed to support Internet of Things (IoT) devices.
Tether
$0.99951
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
GMX
$30.3924
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.
SONM
$0.00090
Sonm provides cloud services based on distributed customer level hardware including PCs, mining equipment, and servers.
Automata Network
$0.09930
Automata Network is a Middleware protocol that focuses on privacy and fairness.
Ethernity Chain
$2.62738
Ethernity Chain is a community-oriented platform that produces limited edition authenticated NFTs and trading cards created by your favorite artists and endorsed by notable figures.
Litentry
$0.83144
Litentry is a Decentralized Identity Aggregation protocol across multiple networks, featuring a DID indexing mechanism and a Substrate-based credit computation network.
Reserve Rights
$0.01149
Reserve is a stable, global currency (a stablecoin) and a digital payment system for people and businesses in countries with high inflation..
USD Coin
$1.00001
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Pax Dollar
$1.00038
Pax Dollar (previously Paxos Standard) is a regulated crypto asset.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
FTX
FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.