binance, the largest cryptocurrency exchange globally, has announced its decision to delist three trading pairs with low liquidity as part of its routine market evaluations. This strategic move aims to uphold high trading standards and enhance the user experience.
Details of the Delisting
In an official statement released on December 12, Binance confirmed the following trading pairs will be removed from its spot market:
ZEN/ETH
The delisting will take effect on December 13, 2024, at 03:00 UTC.
Why Binance is Delisting These Pairs
Binance regularly reviews its trading pairs to ensure they align with the platform’s quality benchmarks, focusing on:
1. Liquidity: Low trading volumes can disrupt market stability.
2. Market Demand: Limited trading activity reflects insufficient interest.
The affected trading pairs displayed significantly low 24-hour volumes:
ZEN/ETH: 16.81 ETH
What Traders Need to Know
The delisting applies only to the specified trading pairs. The tokens—PEPE, DCR, and ZEN—will remain available for trading through other pairs on the platform. Binance advises traders using spot trading bots to adjust or cancel them before the delisting to prevent any potential losses.
Wider Context
This announcement comes shortly after Binance delisted other low-liquidity pairs, such as GFT/USDT, REN/BTC, and OAX/USDT, on December 10.
Binance’s ongoing commitment to quality and market stability underscores the importance of monitoring asset performance and trading pair activity.
Market Snapshot
PEPE: $0.00002544 (+12.12%)
DCR: $21.05 (+9.35%)
ZEN: $15.7 (+13.11%)
Stay informed and proactive to navigate these updates effectively.
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