Binance to Delist SHIB, LINK, and MEME Trading Pairs

full version at coinchapter

Binance to Delist Meme Trading Pairs

YEREVAN (CoinChapter.com) — Binance, a cryptocurrency exchange, has announced plans to delist several trading pairs, including Shiba Inu (SHIB), Chainlink (LINK), and Meme Coin (MEME). The changes are set to take effect on June 28 at 3:00 a.m. (UTC).

SHIB, LINK, and MEME Pairs Being Delisted

Binance will delist the following trading pairs:

BLUR/FDUSD
LINK/TUSD
MEME/ETH
METIS/FDUSD
NFP/BNB
OSMO/BTC
SHIB/TUSD

This decision comes after a periodic review of all listed spot trading pairs, which revealed poor liquidity and low trading volume for these pairs.

Trading Continues for Base Assets

The delisting of these pairs will not affect the availability of the tokens on Binance Spot. Users can continue to trade the base assets with other pairs available on the platform. This means SHIB, LINK, and MEME will still be tradeable through different pairs on Binance.

LINK is trading at $14.38, with approximately 2.71% increase in the last 24 hours.

LINK Price Movement on June 28, 2024 Source: CoinMarketCap — *LINK Price Movement on June 28, 2024. Source: CoinMarketCap*

Shiba Inu (SHIB) has seen a decline.

Initial Price: Around 8:00 PM on June 27, SHIB was trading at approximately $0.0000174.
High Point: The highest point observed was around $0.0000176.
Low Point: The lowest point observed was around $0.0000170.
Current Price: By the end of the chart period, SHIB was trading at approximately $0.0000171.

Shiba Inu Price Drop After News Source: CoinMarketCap — *Shiba Inu Price Drop After News. Source: CoinMarketCap*

Meme Coin (MEME) has seen fluctuations throughout the day.

Initial Price: Around 8:00 PM on June 27, MEME was trading at approximately $0.0196.
High Point: The highest point observed was around $0.0204.
Low Point: The lowest point observed was around $0.0196.
Current Price: By the end of the chart period, MEME was trading at approximately $0.0198.

Meme Coin Price Fluctuation on June 28, 2024 Source: CoinMarketCap — *Meme Coin Price Fluctuation on June 28, 2024. Source: CoinMarketCap*

Binance Removes Low-Liquidity Trading Pairs

Binance regularly reviews its listed pairs to maintain a high-quality trading environment. This move to delist pairs with poor liquidity and trading volume aligns with its goal of protecting users and ensuring market stability.

Recently, Binance also delisted AI crypto spot trading pairs, including Ocean Protocol (OCEAN) and SingularityNET (AGIX). These actions demonstrate Binance’s ongoing efforts to manage its platform effectively.

Users affected by the delisting can continue trading the base assets with other available pairs on Binance.

The post Binance to Delist SHIB, LINK, and MEME Trading Pairs appeared first on CoinChapter.