Binance will delist 4 trading pairs including DEXE/ETH and POLS/BTC on January 19
Summary
Binance will delist DEXE/ETH, DAR/BNB, ID/BNB and POLS/BTC trading pairs on January 19.
The reason for delisting these trading pairs is shown to be poor liquidity and trading volume.
The prices of DEXE, POLS, DAR and ID experienced a small decline after the delist news.
Detail
Leading cryptocurrency exchange Binance announced that it will delist DEXE/ETH, DAR/BNB, ID/BNB and POLS/BTC trading pairs on January 19.
Binance cited weak liquidity and transaction volume as the reason for the delisting transaction. The exchange stated that it takes these factors into consideration in periodic reviews and delists trading pairs that do not meet these criteria.
The prices of DEXE, POLS, DAR and ID experienced a small decline after the delist news. However, this decline may also be related to the market correction that occurred after the US Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs.
Binance continues its delisting operations this year. The exchange added privacy-focused cryptocurrencies Monero (XMR), Zcash (ZEC) and 8 other cryptocurrencies to its watch list on January 4. Projects added to the watchlist may be delisted from the Binance exchange if they do not meet the required criteria.
Binance also recently delisted 9 trading pairs, including LTC/UAH, FLOKI/TUSD, COTI/BNB, COS/BNB, MULTI/BTC.
Finally, Binance listed SOL/USDC, ARB/FDUSD and DOCK/USDT for margin trading last week, and SOL/USDC, ARB/FDUSD and OP/FDUSD for isolated margin trading.
