Binance has threatened to delist three spot trading pairs as part of its efforts to maintain a high-quality trading market.
According to an announcement on December 12th, the exchange will delist spot trading of DCR/BTC, PEPE/TUSD, and ZEN/ETH, and trading will be suspended at 03:00 (UTC) on December 13th. announced that it plans to do so.
The move is part of the exchange’s regular review, which evaluates trading pairs on factors such as liquidity, trading volume and overall market quality, and removes pairs that no longer meet the criteria.
“To avoid potential losses, users are strongly advised to update and/or cancel their Spot Trading Bot before discontinuing the Spot Trading Bot’s service,” the announcement states.
At the time of writing, the PEPE/TUSD trading pair had a 24-hour trading volume of 120,279TUSD, the ZEN/ETH trading pair had a trading volume of only 16.81ETH, and the DCR/BTC pair had a 24-hour trading volume of 120,279TUSD. 1.41BTC.
Binance further clarified that the removal of these trading pairs does not indicate that the token itself will be delisted from the platform. Users can continue to trade assets through other available trading pairs.
The purge comes after the exchange announced on December 10th that several spot trading pairs including GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT were This followed the delisting.
Meanwhile, Binance continues to expand its services with new listings. The exchange recently launched permanent trading for the popular SPX6900 meme coin.
As a Tier-1 exchange, the prices of the associated tokens often increase significantly after listing on Binance. Recently, meme coins have been the biggest beneficiaries of this trend.
Last month, two Solana-based meme coins, ACT and PNUT, experienced explosive growth after listing on Binance, with their market capitalizations soaring 1,199% and 208%, respectively.
In some cases, the announcement of a Binance listing alone is enough to cause the token to rise. Such was the case for ACX, the native token of the Across Protocol, on December 6th, which soared by around 150% after the exchange announced it would be listed. token.
