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Bitcoin (BTC) Pairs Targeted in New Binance Delisting: Details
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Binance exchange has once again conducted periodic cleaning of its system by delisting specific tokens. As shown in its latest announcementThe latest trading pairs to leave the platform are mainly Bitcoin.
Binance Removes BTC Pairs
As Binance revealed, it will stop supporting DGB/BTC, TLM/BTC on its Cross Margin market and DGB/BTC, TLM/BTC, VOXEL/BTC for the Isolated Margin branch. According to the announcement, Binance is ready to delist these pairs from July 8.
Token delisting is a regular occurrence for Binance, known as the largest cryptocurrency exchange in terms of daily trading volume. In recent years, the trading platform has expanded its reach with the listing campaign of many token pairs.
While a quote at any given time is based on market trends, the narrative changes over time. Typically, for the platform, trading pairs are typically deleted when their volume falls below a demand threshold. Some activities may also be delisted based on regulatory considerations.
In line with these realities, Binance has advised its users with active trades for the listed pairs to close their trades before the set deadline. The exchange has confirmed that users who are unable to do so will have their trades automatically settled and will deposit the balance into users’ spot wallets.
Binance Double-Sided Market Support
There have been several instances of Binance listing and delisting unique token pairs, as it redoubles its efforts to maintain its leadership in the space.
While Binance has made quite a few headlines with its delisting moves, the company is generally known for complementing delistings with onboarding other couples.
For a precedent U.Today ReportShiba Inu community members have been duly informed that the exchange has not delisted SHIB. This update follows a rumor circulating that these false claims were made after Binance announced the delisting of some SHIB trading pairs.
About the author
Godfrey Benjamin
Godfrey Benjamin is a cryptocurrency journalist whose main goal is to inform everyone around him about the prospects of Web 3.0. His love for cryptocurrency began when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. Due to his vast experience in covering various aspects of Web3, Godfrey’s articles have been published on Blockchain.news, Cryptonews, and Coingape, among others.