Binance eliminates Hive trading pair: Hive - USDC .

Bad news Hive Fans

Here is an update on the recent crypto news regarding Hive:

• Binance made an announcement about stopping a specific way to trade Hive.
• They are getting rid of the Hive and USDC trading pair.
• The Hive and USDC pair will officially stop trading on Binance on July 30.
• Binance is also ending special margin trading for this pair.
• Margin trading lets people borrow extra coins to make bigger trades.
• On July 30, all leftover margin trades for this pair will close by themselves.

Why? I can only guess

• One main reason Binance removes a pair is when not enough people are using it to trade.
• The Hive and USDC pair had very low activity and low trade numbers.

What is the impact??

• Luckily, people can still trade Hive using another pair called Hive and USDT.

• You can still buy and hold Hive on Binance using other trading pairs.

• Six other crypto pairs were also removed by Binance at the same time.

• When bad news like this comes out, many people get scared and sell their coins quickly.

• The price of Hive dropped by about 8% after people heard this news.

• Being listed on more trading sites helps a coin become popular and trusted by more people.

• If prices keep falling, it could cause problems for Hive's stable coin, called HBD.

• HBD could lose its steady value just like another old coin called SBD did.

• But Bitcoin went up over $70,000.

• Sometimes when Bitcoin goes up, the price of Hive goes up a little bit too.