Cryptocurrency exchange Binance has announced that it will remove 11 trading pairs from its platform as of December 24. Users are warned that they should cancel or update their Spot Trading Bots to avoid being affected by these changes. Among the tokens that were removed from the list were projects such as QuarkChain (QKC) that lost value, as well as tokens such as Fusionist (ACE) and AC Milan Fan Token (ACM) that increased in value. The trading pairs that Binance removed from the list include ACE/BTC, ACM/TRY, BOME/BTC, DYM/BTC, MTL/TRY, PIXEL/BNB, PIXEL/FDUSD, QKC/BTC, RAD/BTC, REZ/FDUSD, and TUSD/TRY. The exchange stated that these tokens can be bought and sold through other spot trading pairs and announced that trading will cease completely as of 03:00 UTC on December 27. Binance stated that this move is aimed at maintaining quality standards.
However, this decision has caused concern among some investors. The prices of the delisted tokens fluctuated in a short time, and users are advised to follow the market movements carefully. After Binance’s delisted decision, QuarkChain (QKC) lost 12%, while Fusionist (ACE) increased by 4% to $2,157. AC Milan Fan Token (ACM) also gained 4% to $1,634. Other tokens include Book of Meme (BOME), Dymension (DYM), Metal DAO (MTL), and Pixels (PIXEL) increased by 4% to 6%. Some tokens experienced a more limited increase.
Experts say that similar delisting decisions can have positive effects on market health in the long run. However, investors are warned to be careful about price fluctuations. It is thought that this move by Binance, which aims to increase quality, will benefit the overall market structure.