- Binance said the move ensures users have an excellent trading experience and a high-quality trading market
- The affected spot trading pairs are BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BTC, NOT/BRL, PIXEL/BTC, TKO/BTC, and TWT/BTC
- Binance said delisting the spot trading pairs would not impact their remaining spot trading fairs
The world’s largest crypto trading platform by number of registered users, Binance, has said it will delist 12 spot trading pairs from its platform effective January 17, 2025.
The exchange said the move ensures users have an excellent trading experience and a high-quality trading market. In a notice released on January 15, 2025, the exchange said users would no longer have access to the affected pairs from 3:00 UTC on January 17, 2025.
The affected spot trading pairs are BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BTC, NOT/BRL, PIXEL/BTC, TKO/BTC, and TWT/BTC.
“Binance conducts periodic reviews of all listed spot trading pairs and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume,” the notice read.
Nevertheless, Binance declared that delisting the spot trading pairs would not impact their remaining spot trading fairs. Consequently, Binance users are still able to trade the spot trading pairs on other pairs; therefore, it is advised that users cancel their trades to prevent any possible loss.
The corresponding tokens will be significantly impacted by delisting the 12 spot trading pairs on the Binance exchange during the eagerly awaited altseason. Additionally, Binance's decision to delist its cryptocurrency tokens may indicate that interest in particular projects is steadily declining.
Meanwhile, the crypto market is rebounding after days of consistent decline. At the time of writing, Bitcoin was eyeing $100k, trading at $98,988, up 3.81% in the past day. According to Coinmarketcap data, the coin’s market capitalisation also increased by 3.80% to settle at $1.96 trillion.
The global crypto market cap also increased by 4.56% in the past day to reach $3.47 trillion.
The total crypto market volume over the last 24 hours has reached $141.62 billion, an increase of 3.96%. The total volume in decentralised finance (DeFi) reached $8.49 billion, 5.99% of the total crypto market 24-hour volume. The volume of all stable coins has now reached $128.75 billion, which is 90.91% of the total crypto market 24-hour volume.
How crypto trader turned $2k into $3.2 million in 10 hours with Hyperfy (HYPER) token
Meanwhile, TheRadar earlier reported that a smart cryptocurrency trader has become a millionaire after trading the newly launched Hyperfy (HYPER) token. The trader smartly turned an initial investment of $2,137 into over $3.2 million.
This massive profit is despite the general bearish market sentiment, given that the general crypto market had yet to recover from reduced liquidity caused by the holiday season fully.
