Cryptocurrency markets are going through a tough time due to Bitcoin’s downward movement from the $100,000 level and increasing uncertainty among investors. In this environment, Binance, one of the world’s largest cryptocurrency exchanges, announced that it will remove some trading pairs from its platform due to low trading volume and liquidity issues.$BTC
Binance announced that it will delist the following trading pairs as of December 27, 2024: ACE/BTC, ACM/TRY, BOME/BTC, DYM/BTC, MTL/TRY, PIXEL/BNB, PIXEL/FDUSD, QKC/BTC, RAD/BTC, REZ/FDUSD, and TUSD/TRY. However, it was stated that these tokens will not be completely removed from the platform and will continue to be traded on other trading pairs.
This decision was made as part of Binance’s periodic review process to improve trading quality and enhance user experience. Common characteristics of delisted trading pairs include low trading volume, insufficient liquidity, and persistent poor performance.
Following the announcement, the prices of the affected tokens fluctuated. While some tokens experienced a rapid recovery, others lost value. Binance said it may take additional measures, such as adjusting leverage ratios, position sizes, and funding rates, if market conditions worsen.
While historically, such delisting announcements have led to short-term panic selling and high volatility, in the long run they are intended to improve the platform’s overall trading quality.
Price Movements on Some Tokens:
Fusionist (ACE): $2.15, 24-hour volume of $10.88 million, up 2.97% in the last 24 hours.
AC Milan Fan Token (ACM): $1.63, up 3.1% in the last 24 hours.
BOOK OF MEME (BOME): $0.006528, down 18.10% on a weekly basis.
Dymension (DYM): $1.50, up 5.5% in the last 24 hours.
These price movements show that some tokens are showing signs of recovery despite the delisting decision, while others are still under selling pressure.