Affected Trading Pairs
Trading of the following pairs is no longer available:
- gift (GFT/USDT): Web3 blockchain solution.
- IrisNet (IRIS/BTC, IRIS/USDT): Service protocol and cryptocurrency.
- SelfKey (KEY/USDT): It is a self-sovereign identity system based on blockchain.
- OAX (OAX/BTC, OAX/USDT): ANX International’s cryptocurrency exchange platform.
- Ren (REN/BTC, REN/USDT): It is an open protocol that enables cross-chain liquidity.
Binance automatically removes all trading orders associated with that pair once the trade ends.
Why Binance is delisting this pair
Binance regularly reviews listed tokens to ensure they meet liquidity and trading volume standards. token Trades that fail to maintain these standards are removed to protect our users and maintain a high quality trading environment.
The exchange advised users to review their portfolios and update or cancel trading bots linked to these pairs to avoid unexpected losses.
market reaction
This announcement immediately caused prices to drop. GFT, Iris, key, Oaxand wren. This sell-off reflects a general trend following token delisting: declining investor confidence. Historically, such moves by major exchanges have led to sharp declines in the valuation of the affected tokens.
The flip side: Lists drive growth
Although prices may fall due to delisting, Token Listing Often the opposite effect occurs. For example, a recent Binance listing included: sleep and SCRT It caused a significant price spike. similarly, Akash Network (AKT) It has risen 30% since its debut on Binance.
Binance’s recent decision highlights the exchange’s important role in shaping token markets and highlights both risks and opportunities for investors.