Binance Is Delisting These Spot Trading Pairs
Binance, the largest crypto exchange by trade volume, has announced that it will delist and cease trading of all spot trading pairs of some tokens. According to the notice, the affected coins include BarnBridge (BOND), Dock (DOCK), Mdex (MDX), Polkastarter (POLS).
Binance to Remove this Trading Pairs.
In a recent announcement , the exchange disclosed that the following trading pairs BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, POLS/USDT will be removed from the platform on July 22 at 03:00 (UTC).
The decision was made after conducting reviews, and finding that the affected pairs do not meet certain requirements. Therefore, this measure is aimed at ensuring the best services and protections for users while continuing to adapt to evolving market dynamics.
Per the announcement, deposit of these tokens after the deadline will not be credited neither will their withdrawals be supported.
It is worth noting that the exchange mentioned that the delisted tokens might be converted into stablecoins after October 23 at 03:00 (UTC). However, this conversion is not guaranteed.
Hence, users are advised to take proactive measures to update or cancel their trading bots before the listed deadline to prevent losses. They must take preventative measures to protect their investments and avoid disruptions to their trading activities.
Price Movements of Affected Tokens
Announcements such as this from a major crypto exchange often have significant impact on the price of affected assets. Positive moves usually brings an upward movement while negative news like delisting usually cause the price of a token to drop.
According to data from Coinstat, all four tokens are currently trading in the red zone. BarnBridge (BOND), is down by 28.30% in the last 24 hours exchanging hands at $1.55.
Dock (DOCK) has declined by 37.42% in the last 24 hours, trading at $0.006461. Over the last week, it’s value has dropped significantly by 61.47%.
Polkastarter (POLS) also saw a notable drop by 19.46% in the last 24 hours, trading at $0.326. Investors are closely watching to see the long-term impact of this development on the value of the assets.
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