Binance will remove 7 crypto pairs from its platform
Binance announces it will remove 7 cryptocurrency pairs, see the list
While four cryptocurrencies were traded against stablecoins, another four were traded against BTC, ETH and BNB.
Binance, the world's largest crypto broker, announced this Wednesday (26) the withdrawal of 7 cryptocurrency pairs from its platform. According to the text, the decision may have been made due to several factors, including low liquidity and volume. The withdrawal is surprising because it involves famous cryptocurrencies such as Chainlink (LINK), Blur (BLUR) and Shiba Inu (SHIB). However, these and other currencies will still be available for purchase and sale through other pairs on the broker. The delisting will take place this Friday (28) at midnight Brasília time.
In the announcement published this Wednesday, Binance revealed that it will be removing 7 pairs from trading as early as next Friday. They are:BLUR/FDUSD;LINK/TUSD;MEME/ETH;METIS/FDUSD;NFP/BNB;OSMO/BTC;SHIB/TUSD.As can be seen, the pairs do not follow any pattern. While four cryptocurrencies were traded against stablecoins, another four were traded against BTC, ETH and BNB. Given this, the reason is linked to low demand for these pairs. The withdrawal did not have a major impact on the price of the affected coins. Shiba Inu (SHIB), for example, operates at a daily increase of 0.4%, following the slight appreciation of Bitcoin. Both Chainlink (LINK) and NFPrompt (NFP) are rising 0.3%, without major changes. The worst performers are Blur (BLUR) with −6.3% and Memecoin (MEME) with −2.3%. Next come Osmosis (OSMO) with −2.1% and Metis (METIS) with −1%. Binance's coin, BNB, is being traded for US$572 at the time of writing, showing a slight increase of 0 .1% on the day.
