BeInCrypto's observation shows that 12 trading pairs from 11 cryptocurrencies will be Spot Delisted on the Binance exchange on January 17 upcoming. Many of the names are quite familiar.
Binance Delists More Trading Pairs
According to the official announcement from the Binance exchange today, they will Delist 12 different trading pairs in the Spot market. The Delisting will take effect on January 17, 2025, at 03:00 (UTC), which is around 10:00 Vietnam time on the same day. The Spot trading pairs affected include BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BRL, NOT/BRL, PIXEL/BTC, TKO/BTC and TWT/BTC.
As usual, Binance stated that the Delisted trading pairs were selected from the regular evaluation process, focusing on factors such as Trading Volume and Liquidation. Pairs with consistently low activity often make trading difficult, leading to the decision to Delist them. By removing the pairs with limited activity, the exchange can improve the Liquidation of the market and rationalize the overall trading experience for its global user base.
Although these 12 trading pairs will be Delisted from Binance from January 17, the exchange also stated that users can still trade these cryptocurrencies with other trading pairs on their platform. For example, even if a pair like BNX/BTC is Delisted, users can still continue to trade BNX and BTC using other available options.
Typically, Delisting often causes a sharp drop in the prices of the related cryptocurrencies, as in the case of AKRO, BLZ or WRX, which is a typical example. However, users should note that this announcement is only about Delisting the trading pairs, not the cryptocurrencies. Nevertheless, the fear of a large group of investors can lead to strong price fluctuations.
As BeInCrypto previously reported, Binance has also recently launched a feature called Monitoring tag to help users proactively predict which cryptocurrencies will be Delisted on their platform.
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