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Binance Announces Delisting of 9 Spot Trading Pairs

2 mins
Updated by Harsh Notariya
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In Brief

  • Binance to delist 9 spot trading pairs on August 23, adjusting with market quality and liquidity.
  • Affected pairs include ARKM/TUSD, CHZ/EUR, and SUPER/FDUSD; tokens remain tradable via other pairs.
  • Users advised to adjust trading strategies and cancel or update automated trades to avoid losses.
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Binance, one of the world’s largest crypto exchanges, has declared the delisting of nine altcoin’s spot trading pairs.

This action, set to take effect on August 23 at 03:00 UTC, reflects Binance’s attempts to enhance market quality.

What Binance Users Need To Do?

Binance assesses the performance of its listed trading pairs and removes those that do not meet liquidity and volume thresholds. The exchange claims these measures protect users and uphold a high-quality trading environment.

Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?

The pairs to be removed include:

  1. ARKM/TUSD
  2. CHZ/EUR
  3. ENA/EUR
  4. FIRO/BTC
  5. IOTA/FDUSD
  6. JOE/TRY
  7. OMNI/BNB
  8. REZ/BNB
  9. SUPER/FDUSD

Although this delisting affects specific trading channels, it does not eliminate the individual tokens from the platform.

“Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance,” the crypto exchange explained.

Therefore, users with an interest in these pairs should revise their trading strategies accordingly. Importantly, the exchange will also terminate spot trading bot services for these pairs at the same time. Binance advises traders to either cancel or update their automated trades to avoid potential financial losses.

Notably, this round of delisting has not immediately influenced the market prices of the involved tokens. This stability likely stems from their continued availability in other trading pairs on Binance, which helps cushion any negative impacts.

However, the history of token delistings on Binance suggests potential volatility. For instance, Binance’s removal of six altcoins last week led to substantial price drops for those cryptocurrencies. Notably, PowerPool (CVP) and Ellipsis (EPX) saw declines of 14% and 22% immediately after their removal was announced.

Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season

This trend continued from last month when tokens such as Dock (DOCK) and Mdex (MDX) experienced sharp falls, nearly 30%, and 23.65%, following their delisting. These incidents shed light on the impact of exchange listings or delisting on an altcoin’s valuation.

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Harsh Notariya
Harsh Notariya is an Editorial Standards Lead at BeInCrypto, who also writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created...
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