๐จ Binance Set to Delist Key Crypto Trading Pairs on June 14 ๐จ
Amid the bearish waves sweeping across the crypto market, Binance, the globeโs largest cryptocurrency exchange, has dropped a bombshell. On June 12, 2024, Binance announced it will delist several trading pairs effective June 14, 2024. The pairs facing the axe include ALPACA/BTC, MDX/BTC, NFP/TUSD, and XAI/BNB.
๐ก Tokens Facing the Delist
The tokens under the spotlight are:
- Alpaca Finance (ALPACA)
- Mdex (MDX)
- NFPrompt (NFP)
- QuickSwap (QUICK)
- XAI (XAI)
Despite the announcement, these tokens experienced only modest declines, with price drops ranging between 1% and 2%, according to CoinMarketCap.
๐ Why the Delist?
Binance conducts regular reviews to maintain a robust trading environment. Factors influencing the decision included:
- Poor liquidity and trading volume
- Development activity and project commitment
- Network stability and security
- Ethical conduct and public communication
๐ก๏ธ User Protection First
Binance's top priority remains user safety. Delisting aims to protect traders from potential risks and adapt to market changes. Earlier in 2024, Binance delisted top tokens like OMG, WAVES, XMR, ANT, MULTI, and VAI for similar reasons.
๐ Market Struggles
The delisting comes as the broader crypto market battles to regain momentum. Leading cryptocurrencies such as Bitcoin, Ethereum, Solana, and BNB have seen continuous price declines over the past week.
Stay informed and trade wisely. Binance's actions underscore the importance of a secure and dynamic trading platform.
Disclaimer: This content includes third-party opinions and does not constitute financial advice. May contain sponsored content. See T&Cs.
