Binance Delists PEPE/TUSD, DCR/BTC, and ZEN/ETH Spot Trading Pairs

Binance, the largest crypto exchange in the world announced its plans to delist three spot trading pairs in line with the exchange's high standard for spot trading pairs.

Crypto exchange Binance has announced plans to delist three spot trading pairs from its platform due to poor liquidity and low trading volume.

The pairs set to be delisted on December 13 at 03:00 UTC are PEPE/TUSD, DCR/BTC, and ZEN/ETH.

“The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance,” the announcement reads.

Binance will also be terminating Spot Trading Bots services for the mentioned pairs on December 13, where applicable.

“Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses,” Binance stated.

Binance reviews listed spot trading pairs to ensure they meet the exchange’s standards for the trading environment, among other factors.

The exchange noted that poor liquidity and a low trading volume are some of the primary reasons a spot trading pair could get delisted by the exchange.

At the time of writing, the PEPE/TUSD trading pair had a 24-hour trading volume of 120,279 TUSD, the ZEN/ETH trading pair had a trading volume of just 16.81 ETH, while the DCR/BTC pair's 24-hour trading volume was just a measly 1.41 BTC.

Pepe's Price Surges Despite Binance Delisting

Pepe (PEPE), the third-largest memecoin behind Dogecoin (DOGE) and Shiba Inu (SHIB), has not reacted negatively to the Binance delisting announcement.

At the time of the report, the memecoin was trading at $0.0000248, up by 6.1% in the last 24 hours. The memecoin is also up by 18.8% on a 7-day scale.

Binance has been known to influence the price of crypto assets by simply listing or delisting them on its platform.

At the peak of the November bull run, two Solana memecoins, Peanut (PNUT) and Action (ACT), went ballistic following a Binance listing. Their market capitalization surged by 1,199% and 208%, respectively.

Similarly, crypto assets tend to plunge when they get delisted from the platform. A good example is Monero (XMR), which plunged by 20% when Binance suspended trading services for the crypto asset.

PEPE has surprisingly not reacted to its spot trading pair getting delisted and is still on the upside at the time of this report.