Binance, the world's leading cryptocurrency exchange, has announced the removal of six trading pairs from its platform. This strategic move is aimed at optimizing the exchange's trading ecosystem and providing a more efficient marketplace for its users.

According to the official statement, Binance Futures will initiate the closure of all positions and execute automatic settlements for the STPTUSDT, SNTUSDT, and MBLUSDT perpetual contracts on May 13. Similarly, the RADUSDT and CVXUSDT perpetual contracts will undergo the same process on May 14, after which they will be delisted.

In addition to the delisting, Binance Futures will implement adjustments to the leverage and margin tiers of the aforementioned perpetual contracts on May 6. Users with existing positions are advised to make necessary adjustments to avoid any potential liquidation risks.

To ensure a smooth transition, Binance urges users to close any open positions before the specified delisting times. Furthermore, new positions for the affected contracts will not be permitted starting from May 13 for STPTUSDT, SNTUSDT, and MBLUSDT, and May 14 for RADUSDT and CVXUSDT.

The decision to delist these trading pairs reflects Binance's strategic approach to maintaining an active and efficient trading ecosystem. With decreasing trading volumes, the exchange aims to streamline its resources and focus on pairs that witness high trading activity. By prioritizing liquidity and market efficiency, Binance seeks to enhance the trading experience for its global user base and ensure a profitable and sustainable platform.