TL;DR
BUSD Support Ends: Binance to cease support for BUSD products from December 15, 2023, with all BUSD withdrawals stopping on December 31. Balances will be converted to FDUSD at 1:1.
Trading Pair Removals: Key trading pairs including XRP/BUSD and BTC/BUSD will be removed. Certain countries are excluded from these changes.
Cryptocurrency Delisting: Binance to delist BitShares, PERL.eco, Tornado Cash, and Waltonchain by December 7 due to factors like low trading volume, impacting their prices.
Binance’s Latest Amendment
The world’s largest cryptocurrency exchange in terms of trading volume – Binance – said it will cease support for BUSD products on December 15, 2023.
“Please be assured that BUSD will always be backed 1:1 by USD. Paxos has stated that BUSD will remain supported by Paxos and redeemable through at least February 2024,” the company added.
Binance encouraged clients to withdraw or convert their BUSD holdings into other assets before the aforementioned dea
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