Binance, the largest cryptocurrency exchange globally, has revealed it will be removing 11 spot trading pairs from its platform on December 27, 2024.
This decision is part of its ongoing evaluation process, which aims to ensure the platform remains efficient and responsive to market shifts. The delisting of these pairs is driven by factors like low liquidity and trading volume.
The affected pairs include ACE/BTC, ACM/TRY, BOME/BTC, DYM/BTC, MTL/TRY, PIXEL/BNB, PIXEL/FDUSD, QKC/BTC, RAD/BTC, REZ/FDUSD, and TUSD/TRY. However, users will still be able to trade the underlying tokens through other active pairs on Binance.
The projects behind the delisted pairs span a range of sectors in the blockchain space. Fusionist (ACE), for example, is a blockchain-based AAA game that incorporates advanced rendering technologies. AC Milan Fan Token (ACM) connects football fans with their team in unique ways, while Book of Meme (BOME) offers a meme token on Solana.
Other projects such as dYmension (DYM), a settlement layer in the Cosmos network, and Metal (MTL), a platform that rewards users for crypto-fiat conversions, have also been impacted. Additionally, QuarkChain (QKC), Radworks (RAD), Renzo (REZ), and TrueUSD (TUSD) – a stablecoin pegged to the U.S. dollar – are among the delisted pairs.
These adjustments reflect Binance’s commitment to maintaining a high-quality, user-friendly trading environment. By removing pairs that no longer meet its standards, the exchange aims to keep its platform competitive, ensuring it remains aligned with the evolving needs of its global user base.
Traders are rapidly shifting their focus to Ethereum and altcoins after Bitcoin’s recent all-time high triggered widespread retail FOMO.
Ethereum saw an explosive surge in institutional demand this week, with spot exchange-traded funds (ETFs) posting their highest single-day inflow on record. O
Fartcoin (FARTCOIN) is once again leaving a trail of strong gains as the crypto market rallies. In the past 24 hours alone, the token has produced an 18.2% return as trading volumes have exploded. Data from CoinMarketCap shows that Fartcoin’s volumes have more than doubled during this period. More than $500 million worth of this […]
The cryptocurrency market is experiencing a notable shift in capital flows as Bitcoin’s market dominance has dropped to 61.6%, marking a 2.36% decrease.