- Binance announces the delisting of several trading pairs, including DAR/BNB and DEXE/ETH, effective January 19th.
- Minor price decreases were observed for affected cryptocurrencies like DEXE and POLS, influenced by broader market corrections.
- Binance’s ongoing measures include regular evaluations, recent additions of margin pairs, and adjustments to optimize its services in response to market dynamics.
In a strategic shift, Binance, the world’s leading cryptocurrency exchange, has announced the discontinuation of services for several trading pairs, effective January 19th. This move comes as part of Binance’s routine evaluations, focusing on factors such as liquidity and trading volume to streamline its offerings.
Spot Trading Pairs Affected
Among the trading pairs facing termination are DAR/BNB, DEXE/ETH, ID/BNB, and POLS/BTC. Binance users engaging in these pairs are urged to update or cancel their Spot Trading Bots before the designated date to mitigate any potential losses.
The exchange, however, has not provided specific reasons for the delisting, emphasizing its periodic reviews to ensure optimal market conditions. This aligns with Binance’s commitment to maintaining a dynamic and efficient trading environment for its vast user base.
Market Response and Cryptocurrency Impact
The announcement has prompted minor price decreases for some of the affected cryptocurrencies, including DEXE and POLS. It is essential to note that these declines might also be influenced by the broader market correction witnessed after the recent approval of the first spot Bitcoin ETFs in the United States. The cryptocurrency market has been experiencing increased volatility and adjustments in the wake of these historic developments.
Ongoing Measures by Binance
This move is not an isolated event for Binance in the new year. On January 4th, the exchange placed cryptocurrencies like Monero (XMR) and Zcash (ZEC) on its Monitoring Tag list, subjecting them to regular reviews. Failure to comply with necessary criteria may lead to eventual delisting.
Additionally, earlier in the month, Binance ceased support for nine trading pairs, further refining its offerings. The dynamic nature of the cryptocurrency market prompts Binance to continuously evaluate and optimize its services in response to evolving market conditions and user needs.
Towards the end of the previous week, Binance introduced new cross-margin and isolated margin pairs, enhancing its offering with pairs like SOL/USDC, ARB/FDUSD, and DOCK/USDT.