Binance Issues Delisting Notice: Elimination of 3 Crypto Trading Pairs: 6 Digital Currencies under scrutiny
Heads Up Crypto Enthusiasts! Binance Makes Shifts
Getting Rid of These Trading Pairs
Leaving no stone unturned, the number one crypto exchange—Binance—declared it's dumping two trading pairs from its platform starting May 9, 6 AM (UTC) due to liquidity problems and low trading volumes. Say goodbye to ANIME/BNB and STRK/BTC pairs, and don't forget to deactivate your spot buy-sell bots beforehand to prevent possible losses. Don't worry; these cryptocurrencies can still be traded using alternative pairs on the Binance Spot.
Six Coins on the Razor's Edge
In another surprising move, Binance has slapped a Monitoring Tag on six cryptos that don't meet its standard listing criteria. These high-risk, high-volatility assets include Stella (ALPHA), Hifi Finance (HIFI), LeverFi (LEVER), Movement (MOVE), Portal (PORTAL), and Rei Network (REI). If these coins continue to flunk Binance's criteria, they may be yanked off the platform entirely.
Digging Deeper on Binance's Decision
Binance assesses assets for potential delisting when they show symptoms of low liquidity, impact trading volume, and market stability. The exchange maintains stringent compliance, prioritizing high standards. If tokens cannot tick all the boxes, they're at risk of getting booted out. These tokens with Monitoring Tags exhibit higher market volatility and risks, and may not comply with Binance's listing criteria. Regular reviews ensure that all listed assets continue to meet Binance's criteria, or they may face the axe.
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- With Binance's recent crackdown on low-performing assets, cryptocurrencies like Stella (ALPHA), Hifi Finance (HIFI), LeverFi (LEVER), Movement (MOVE), Portal (PORTAL), and Rei Network (REI) tagged for monitoring might face delisting, impacting those who have invested in them.
- As Binance continues to tighten their standards, their recent move to monitor six high-risk, high-volatility coins and trim less liquid trading pairs could potentially shake up the cryptocurrency finance scene, encouraging investors to diversify and reevaluate their investing strategies.
