Binance has announced that it will be delisting three low liquidity trading pairs as part of its ongoing efforts to maintain a high-quality trading market. On December 12, the exchange revealed that trading for the following pairs will cease on December 13 at 03:00 UTC:
- DCR/BTC (Decred/BTC)
- PEPE/TUSD (PEPE/Tether USD)
- ZEN/ETH (Horizen/ETH)
This decision is part of Binance’s periodic review process, where the exchange assesses trading pairs based on factors like liquidity, trading volume, and overall market quality. If a trading pair no longer meets these standards, it is removed from the platform.
The trading volumes for these pairs were relatively low, with PEPE/TUSD having just 120,279 TUSD in 24-hour volume, ZEN/ETH with only 16.81 ETH, and DCR/BTC with 1.41 BTC in 24-hour volume. Binance has advised users to update or cancel their spot trading bots to avoid potential losses once trading ceases.
It is important to note that the delisting of these pairs does not mean the tokens themselves are being removed from the Binance platform. Users can still trade the individual assets through other available trading pairs on the exchange.
This move follows a similar delisting of several other low-liquidity pairs on December 10, including GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT.
Despite these delistings, Binance continues to expand its offerings, such as the recent launch of perpetual trading for the meme coin SPX6900. The exchange’s decision to list new tokens, especially meme coins, has often resulted in substantial price increases for those tokens, as seen with Solana-based meme coins ACT and PNUT, which experienced explosive growth after their Binance listings. Additionally, even announcements of new listings, like that of ACX (Across Protocol’s native token), can lead to significant price rallies, as the token surged by 150% following the news of its listing on December 6.
bien note
Great