Binance causes drop in 3 cryptocurrencies; understand
IN SUMMARY
Trading pairs AKRO, BLZ, and WRX will be removed on December 25, causing immediate double-digit price drops.
Binance reviews liquidity, volume, and stability of projects to maintain market quality and protect users' interests.
Historical trends show that token prices often plummet following delisting announcements, highlighting market volatility risks.
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the delisting of three spot trading pairs.
This action, which will come into effect on December 25, reflects the exchange's attempts to improve the quality of the market.
What Binance Users Need to Do
Binance occasionally reviews the performance of its listed trading pairs, looking at a variety of factors to determine their listing and delisting actions. It evaluates elements such as the team’s commitment to the project, the level and quality of development activity, and the stability of the network and smart contracts.
Based on the above criteria, among others, the exchange removes tokens and trading pairs that do not meet liquidity and volume thresholds. Binance claims that these measures protect users and maintain a high-quality trading environment.#TopCoinsSeptember
