Binance Delists 12 Spot Trading Pairs Ahead of Altseason Amid Ongoing Global Crypto Regulatory Shift

Binance, the leading cryptocurrency exchange by globally registered users and daily average traded volume, has announced a strategic move to protect its customers.

Binance, the leading cryptocurrency exchange by both globally registered users and daily average traded volume, has announced a new move to protect its customers. In a notice on January 15, Binance has announced that 12 spot trading pairs will be removed and trading will be halted immediately to ensure a high-quality trading market.

The affected spot trading pairs on the Binance crypto exchange include BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BTC, NOT/BRL, PIXEL/BTC, TKO/BTC, and TWT/BTC.

The cryptocurrency exchange has announced that the affected spot trading pairs will be removed by January 17, 3:00 UTC.

“Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume,” the crypto exchange announced.

However, Binance announced that the delisting of the spot trading pairs does not affect their remaining spot trading pairs. As a result, Binance users can still trade the spot trading pairs on other pairs, hence users are advised to cancel their trades to avoid any potential loss.

The delisting of 12 spot trading pairs on the Binance exchange will significantly affect the respective tokens amid the highly anticipated altseason. Moreover, the delisting of crypto tokens from Binance is a potential indication that the demand for specific projects is gradually waning.

The existence of thousands of crypto projects has significantly diluted the cryptocurrency industry, hence potentially delaying the highly anticipated altseason. However, it is prudent to consider that the demand for the listed crypto coins could be high through on-chain purchases.

For instance, Toncoin (TON)-based memecoins Notcoin (NOT), and Dogs (DOGS) have more than 7 million on-chain holders combined. In the highly volatile crypto market, more investors have opted to buy and hold digital assets instead of active trading.

Furthermore, active trading increases the risks of forced liquidations amid the heightened adoption of digital assets by institutional investors.

In a bigger picture, more cryptocurrency exchanges have been listing and delisting different digital assets to ensure compliance amid the ongoing global crypto regulatory shift.

For instance, the continuous implementation of MiCA rules has forced different cryptocurrency exchanges to delist unauthorized stablecoins in the vast European market.

However, the upcoming shift in political control in the United States to a pro-crypto President will attract more global users in the long haul. Moreover, digital assets have been identified as a better hedge against inflation compared to traditional equities and the gold market.