- Binance announced the delisting of several trading pairs, including DAR/BNB and DEXE/ETH, effective January 19th.
- As a result of the widespread market correction, minor price declines were observed for affected cryptocurrencies such as DEXE and POLS.
- Binance’s ongoing actions include regular evaluations, recent additions of margin pairs, and adjustments to optimize services in response to market dynamics.
Amid strategic changes, Binance, the world’s leading cryptocurrency exchange, announced the suspension of services for several trading pairs starting January 19th. This move streamlines the product by focusing on factors such as liquidity and trading volume as part of Binance’s routine evaluation.
Affected Spot Trading Pairs
Among the trading pairs that will be terminated are DAR/BNB, DEXE/ETH, ID/BNB, and POLS/BTC. Binance users participating in these pairs must update or cancel their spot trading bots before the specified date. Mitigate potential losses.
However, the exchange did not specify the reason for delisting and emphasized periodic review to ensure optimal market conditions. This is consistent with Binance’s commitment to maintaining a dynamic and efficient trading environment for its broad user base.
Market reaction and cryptocurrency impact
This announcement led to a slight decline in the prices of some of the affected cryptocurrencies, including DEXE and POLS. It is important to note that this decline may also be influenced by the broader market correction recently witnessed following the approval of the first spot Bitcoin ETF in the United States. Cryptocurrency markets have experienced increased volatility and corrections due to these historic developments.
Binance’s Continued Action
This move is not an isolated event for Binance in the new year. On January 4th, the exchange placed the following cryptocurrencies: Monero (XMR) and Zcash (ZEC) Subscribe to the monitoring tag list for regular review. Failure to comply with required standards may result in final delisting.
Additionally, earlier this month, Binance further improved its product by discontinuing support for nine trading pairs. Due to the dynamic nature of the cryptocurrency market, Binance is continuously evaluating and optimizing its services in response to evolving market conditions and user needs.
Late last week, Binance introduced new cross-margin and isolated-margin pairs, enhancing its offerings with pairs such as SOL/USDC, ARB/FDUSD, and DOCK/USDT.
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