Binance Delists Multiple Cryptocurrencies, Citing Low Liquidity and Trading Volume
Binance, the world’s largest cryptocurrency exchange, has announced that it will be delisting several cryptocurrencies. While the exact reason for the delistings is not specified, Binance states that there are multiple factors involved, with low liquidity and trading volume being among them.
The following trading pairs will be removed and cease trading at the specified times:
- At 03:00 UTC: AMB/BUSD, ASTR/BUSD, BAT/ETH, DASH/BUSD, GMX/BUSD, HOT/BUSD
- At 05:00 UTC: IMX/BNB, KNC/BNB, MC/BUSD, MDT/BUSD, NULS/BUSD, RAD/BUSD, RAY/BUSD, REQ/BUSD
- At 07:00 UTC: SSV/BUSD, STMX/BUSD, TROY/BUSD, WOO/BUSD
It is important to note that the delisting of these spot trading pairs does not affect the availability of these tokens on Binance Spot. Users can still trade the base and quote assets of these pairs on other available trading pairs on Binance.
Hot Take: Implications of Binance Delisting Cryptocurrencies
The delisting of cryptocurrencies from Binance can have significant implications for both the affected coins and their investors. When a coin is delisted from a major exchange like Binance, it may result in decreased liquidity and trading opportunities. This can lead to a decline in the coin’s value and make it more difficult for investors to buy or sell the coin.
Furthermore, delistings can also be seen as a reflection of the exchange’s assessment of a coin’s viability and potential risks. It is important for cryptocurrency investors to stay informed about delistings and carefully consider the implications before making investment decisions.
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