Outside Source
Binance has warned that it will delist three spot trading pairs as part of its efforts to maintain a high-quality trading market.
According to a Dec. 12 announcement, the exchange said it would delist spot trading for DCR/BTC, PEPE/TUSD, and ZEN/ETH, with Trading set to cease on Dec. 13 at 03:00 (UTC).
The move is a part of the exchange’s periodic review, where it assesses trading pairs for factors such as liquidity, trading volume, and overall market quality, removing those that no longer meet its standards.
“Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses,” the announcement noted.
At press time, the PEPE/TUSD trading pair had a 24-hour trading volume of 120,279 TUSD, while the ZEN/ETH trading pair had a trading volume of just 16.81 ETH, while the DCR/BTC pair had a 24-hour volume of 1.41 BTC.
Binance further clarified that the removal of these trading pairs does not indicate that the tokens themselves are being delisted from the platform. Users will still be able to trade the assets through other available trading pairs.
The latest purge follows the exchange’s delisting of several spot trading pairs on Dec. 10, which included GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT.
Meanwhile, Binance has continued to expand its offerings with new listings. The exchange recently launched the Perpetual trading for the popular SPX6900 meme coin.
As a tier-1 exchange, listings on Binance are often followed by significant price appreciation for the associated tokens. Lately, meme coins have been among the biggest beneficiaries of this trend.
Last month, two Solana-based meme coins, ACT and PNUT, underwent explosive growth following their Binance listings, with their market caps surging by 1,199% and 208%, respectively.
In some cases, even the announcement of a Binance listing is enough to send tokens rallying, as was the case with ACX, the native token of Across Protocol, on Dec. 6, which surged roughly 150% after the exchange announced it would list the token.
This article first appeared at crypto.news
