Binance to Delist Trading Pairs with 20 Altcoins
Binance announced that the delisting will affect trading pairs involving the following altcoins: 0G, 1MBABYDOGE, ADX, AGLD, ALT, ARKM, ATOM, ENS, HOLO, MOVR, NEWT, OP, ORDI, OXT, POLYX, SLP, SSV, STO, STORJ, TRB. Trading with the national currency of the Republic of South Africa, the South African rand (ZAR), will also be discontinued. The reason for the delisting is low trading volume and insufficient asset liquidity.
Exchange representatives stated that the decision to delist is made based on several criteria, including liquidity, trading volume, the project’s development status, team activity, and compliance with local regulatory requirements.
Exchange clients who hold positions in the affected pairs are advised to convert their assets into other pairs or withdraw the coins to wallets before trading is suspended. Orders involving tokens subject to delisting will be automatically canceled at the moment trading is suspended, Binance announced.
Earlier, analysts at CryptoQuant reported that Binance has surpassed all other centralized crypto platforms in terms of bitcoin and altcoin trading volume, as well as user activity.
See also: "Binance retains leadership in Bitcoin and altcoin trading volumes"
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