|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Binance Announces Delisting of Trading Pairs for 3 Popular Altcoins
Jan 09, 2025 at 03:05 am
The world's largest cryptocurrency exchange, Binance, announced the removal of certain spot and margin trading pairs, causing immediate market fluctuations. This move led to significant price declines, especially for Axelar (AXL), Coin98 (C98), and Enjin Coin (ENJ).
Binance, the world’s largest cryptocurrency exchange, has announced the removal of certain spot and margin trading pairs, which has led to immediate market fluctuations.
In a statement on January 8, Binance announced that specific spot trading pairs for Axelar (AXL), Coin98 (C98), and Enjin Coin (ENJ) will be delisted effective January 10. The affected pairs include AXL/FDUSD, C98/BTC, and ENJ/ETH.
Binance cited low liquidity and trading volume as the reasons for this decision. The tokens will still be tradable with other assets on the platform, but the announcement has raised concerns among users about potential impacts on market dynamics.
The removal of these trading pairs, combined with recent market crashes, has exacerbated liquidity issues. Binance also announced the termination of Spot Trading Bots services for these pairs, which has significant implications for investors using automated trading strategies. Users were warned to cancel or reconfigure their trading bots to avoid potential losses.
Following the announcement, sharp price drops were recorded for AXL, C98, and ENJ.
The news triggered the following notable price declines at the time of writing:
Other tokens were also impacted by the delisting announcement.
Binance also announced the delisting of cross and isolated margin trading pairs for tokens like Bella Protocol (BEL), NULS, Lisk (LSK), Litentry (LIT), and SafePal (SFP). Asset transfers for these tokens will be halted on January 9, and users must close their positions or transfer assets to spot accounts by January 16. Affected trading pairs include BEL/BTC, LIT/BTC, and SFP/BTC, among others. Investors risk losses if they fail to update their positions during the delisting period.
Binance’s decisions have impacted not just the affected cryptocurrencies but also general market sentiment. While the delisted tokens remain tradable through other pairs, the impact on liquidity and volatility requires careful monitoring by investors.
Experts caution that market recovery could take time. For a closer look at the latest Binance Alpha listings, as reported by Kriptokoin.com, you can check out the latest updates in this article.
To stay up-to-date with the breaking news, follow us on Twitter, Facebook, and Instagram. Join our Telegram and YouTube channels
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Hedera’s HBAR Shows Signs of an Imminent Price Surge as Technical Indicators Align for what Could be a Significant Breakout Moment
- Jan 09, 2025 at 09:05 pm
- Social engagement metrics have skyrocketed, with the network's Twitter securing 50,000 new followers in just 60 days signaling growing mainstream interest.
-
-
-
- AI Agent Tokens Emerge as the New Hotspots in the Crypto Market, While Established AI Concept Tokens Encounter Coldness
- Jan 09, 2025 at 09:05 pm
- At the CES 2025 in the United States on January 7, Jensen Huang, the founder of Nvidia and a leading figure in the AI industry, stated: "AI Agents are expected to become the next robotics industry, with a market scale of trillions of dollars."
-
-
- An Unprecedented Surge of Memecoins Could Be Imminent as Five Promising Projects Emerge With the Potential for Staggering Returns of Up to 7,000%
- Jan 09, 2025 at 09:05 pm
- This article uncovers these digital assets poised for explosive growth, examining what makes them stand out and why they could be the next significant opportunity in the cryptocurrency arena.
-
-
-
- MANTRA (OM) Eyes $10 as Analysts Predict Massive Growth, Fueled by Strong Adoption, Key Partnerships, and a Focus on Regulated RWA Tokenization
- Jan 09, 2025 at 09:05 pm
- MANTRA (OM) currently hovers at $3.91, slightly lower than its highest point this week. This movement has brought the token's market cap to over $3.74 billion.