Today (November 20), the world's largest cryptocurrency exchange Binance announced the delisting of a series of trading pairs in the Spot and Margin sections.
The specific list is as follows:
Binance Spot: delisting the trading pairs DAR/BTC, IRIS/BTC, RARE/BRL, THETA/ETH, and UTK/BTC starting from 10:00 on November 22, 2024 (Vietnam time)
Binance Margin: delisting the Cross Margin pairs C98/BTC, IDEX/BTC and the Isolated Margin pairs C98/BTC, FIS/BTC, IDEX/BTC, MBOX/BTC, REN/BTC, TKO/BTC starting from 13:00 on November 27, 2024 (Vietnam time)
To protect users and maintain a high-quality trading environment, Binance will conduct regular checks on all listed trading pairs and may delist trading pairs based on factors such as liquidity, trading volume, project quality, ...
The delisting of the trading pairs does not affect the availability of the mentioned tokens on Binance Spot, users can still trade these token pairs with USDT, for example C98/USDT, ...
For the trading pairs on Margin, users should note to close positions or transfer assets from Margin Wallet to Spot Wallet before the delisting deadline. After 13:00 on November 27, Binance will automatically close users' positions, proceed with automatic settlement, and cancel all pending orders with these trading pairs.
Binance will not be liable for any potential losses, so users should be aware of actions before the stated deadline. Users can still trade these assets with other available trading pairs on Binance Margin, such as IDEX/USDT, ...
After the delisting of the Margin pair C98/BTC, the C98 token was not significantly affected, still slightly rising to the 0.15 USD mark - an increase of nearly 2% in the last 24 hours. This is also a project founded by Vietnamese people and has garnered significant attention from the Crypto community.
In general, the delisting of token/BTC pairs does not significantly affect the price of that token, however, this indicates that these projects no longer meet some of Binance's stringent criteria.
Most traders currently trade the token/USDT pair primarily, trading the token/BTC pair is often reserved for large investors wanting to swap directly to Altcoin to save on transaction fees.
Not every trading pair is listed with the pair/BTC, most are top coins or those that meet Binance's criteria. A recent typical example is the OM/BTC pair, which after a long time without delisting has increased by up to 112% in November.
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