[AVAX and MATIC are under pressure after Binance’s move]

AVAX and MATIC experienced mild price pressure following Binance’s decision to delist the TUSD trading pair. Binance announced in its latest spot trading audit that it will be removing the AVAX/TUSD, MATIC/TUSD, and VOXEL/BTC trading pairs. This move aims to maintain a high-quality trading market and remove some trading pairs due to liquidity and trading volume issues.

Binance issued instructions to users to take the necessary steps by July 26. Users can still trade these tokens on the platform, and other trading pairs will not be affected. Binance will also stop trading robot services on July 26, urging users to close relevant trading robot services to avoid losses.

Binance delisting a trading pair usually results in a price movement as investors and traders readjust their positions. The move could cause price volatility for AVAX and MATIC and send the cryptocurrency market moving sideways. AVAX has fallen 4.79% in the past 24 hours, dragging its weekly gain down to 1.5%. MATIC is currently trading at $0.5313, up 0.77% over the past day but down 4% over the past seven days. Bitcoin (BTC) and Ethereum (ETH) also recorded minor losses during the same period.

#鴉快訊 $AVAX $MATIC @Avalanche_CN @Polygon