Binance will delist four trading pairs

[zagzag 320]

Binance, the world's largest cryptocurrency exchange by transaction volume, announced that four trading pairs will be removed from the list. According to the statement, the trading pairs that will be removed as of January 8 are as follows:

 

BAL / BNB, FLM / BNB, ZRX / BNB, STORJ / ETH

 

In the statement, it was noted that users can buy and sell these assets with other trading pairs on Binance.

Binance has recently broken volume records repeatedly, driven by the price increase in Bitcoin and other cryptocurrencies. The stock exchange recently crossed the $ 80 billion threshold in daily volume. Meanwhile, continuing its technological investments, Binance has recently activated SegWit, a technology that allows fast and cheap Bitcoin transfers, in Bitcoin deposits.

 

Binance had completely removed AE and HC from the list in recent weeks.

 

Binance official announcement link:

https://www.binance.com/en/support/announcement/5e3aa9f525ab4ef095f3705a9bf22137

[Kami505030 1617]

Now a days from more exchanges crypto currencies are delisting. If we look to XRP so it was one of the best crypto currency circulating in the market but still delist from exchanges. 

And today these four pairs are delist from Binance exchange. It means these currencies are not fulfilling the exchanges fees and requirements.

[Raqeebzy 6456]

On 1/7/2021 at 11:12 PM, zagzag said:

Binance, the world's largest cryptocurrency exchange by transaction volume, announced that four trading pairs will be removed from the list. According to the statement, the trading pairs that will be removed as of January 8 are as follows

There are certain guidelines and procedures for coin/token listing on exchanges. It follows some protocol and the exchange will confirm if it is actually safe for their users to trade. 

Once the particular coin doesn't meet the guidelines and requirements, it won't be eligible for listing and if after listing, it breaks any regulations, it is then quality for delisting.

If a token is delisted, it is for exchange users interest protection. 

As for XRP, there seems to be some politics.

Edited January 12, 2021 by Raqeebzy

[tienda 8776]

I like the Binance management related cryptocurrency obsolete coins cleaning, This job of clean should be done by all website exchanges, in some website exchange there are a lot of coins, but the majority are a dead or inactive coin! So should be delisted from their platform.

[Syedbesharat 5423]

The low volume of trading pair gives the exchange thought of removal because now a days market is fill with huge number of coins and people have selective options against them people use BTC/ETH, BTC/USDT, BTC/BNB, BTC/TRX like famous pair if they hold any small coin they exchange or trade against big coin. Their for declining of those pairs were expected. I think after BTC bull run we could see more exchanges will cut down their extra pairs to manage their funds. 

[Froshk 1828]

On 1/7/2021 at 11:12 PM, zagzag said:

Binance had completely removed AE and HC from the list in recent weeks.

 

I think these is a welcome development since it allows for other more successful and market prone pairs to come in and be listed as well. 

[Frodler 943]

The number of listings on binance is statistically very high, reducing or replacing low performance coin is actually a very good decision 

[Jromz 2158]

I agree Binance has a lot of trading pairs, but is there a specific reason why they will remove these specific pairs in their exchange? Is it to do with the demand of these pairs? or is it related to legal questions, like XRP delisting in other exchanges? As users we deserve to know what is behind this type of decisions, especially if this affects our trading.

[velasco19 1753]

6 minutes ago, Jromz said:

I agree Binance has a lot of trading pairs, but is there a specific reason why they will remove these specific pairs in their exchange? Is it to do with the demand of these pairs? or is it related to legal questions, like XRP delisting in other exchanges? As users we deserve to know what is behind this type of decisions, especially if this affects our trading.

I have noticed that lately in these kinds of ads they do not say the reasons for delisting them, but what I have read in ads a long time ago, they review certain aspects such as:

• Team commitment to the project
• Level and quality of the activity under development
• Trading Volume
• Network stability
• Public communication level
• Evidence of unethical or fraudulent conduct

The impact of some pairs when it is announced that they are going to be delisted causes massive sales or DUMP, this is what I have observed.

[Bitpapacoins 61]

Binance is a good exchange, they always have good reasons of delisting cryptocurrencies, most of the delisted ones are shit coins, they are untrustworthy coins which will be good for delisting. Also the trading volume of coins matters, it is possible the trading volume of the coins are not much which may not be good. Only coins with good trading volume such be consider safe for trading on exchanges. 

[Dang3r 103]

The exclusion of pairs is something relatively normal in exchanges, it happens for various reasons such as scandals or because the currency simply does not have enough volume in said pair and therefore having it on the payroll only occupies space or losses for the exchange, Binance has some requirements to stay on their platform so surely those currencies already do not meet what is necessary.

[zhoutong 2188]

These pairs are not even in BTC trading and the rest markets don't have a lot of volume, except the artificial one created by Binance. They should delist many more projects that have failed over the years completely from the exchange.

[kamelq 22]

@zagzag

It might be because they don't want to pair their currency with not so popular currencies or it might be because they didn't agree with currencies' owners on some conditions. After all it is considered a big asset for companies to link their currency with the top exchange's one.

[Furkan Zengin 62]

I've never even heard of other crypto coins except ZRX, it was a good decision. Coins that do not have enough transaction volume can be delisted.

[Ayinlek 42]

On 07/01/2021 at 11:12 PM, zagzag said:

Binance, the world's largest cryptocurrency exchange by transaction volume, announced that four trading pairs will be removed from the list. According to the statement, the trading pairs that will be removed as of January 8 are as follows:

 

BAL / BNB, FLM / BNB, ZRX / BNB, STORJ / ETH

 

In the statement, it was noted that users can buy and sell these assets with other trading pairs on Binance.

Binance has recently broken volume records repeatedly, driven by the price increase in Bitcoin and other cryptocurrencies. The stock exchange recently crossed the $ 80 billion threshold in daily volume. Meanwhile, continuing its technological investments, Binance has recently activated SegWit, a technology that allows fast and cheap Bitcoin transfers, in Bitcoin deposits.

 

Binance had completely removed AE and HC from the list in recent weeks.

 

Binance official announcement link:

https://www.binance.com/en/support/announcement/5e3aa9f525ab4ef095f3705a9bf22137

Thanks for sharing this information, I  even don't know any of that coins, probably because I don't trade them.

[Whited35 15285]

On 1/8/2021 at 3:57 AM, zagzag said:

BAL / BNB, FLM / BNB, ZRX / BNB, STORJ / ETH

In the statement, it was noted that users can buy and sell these assets with other trading pairs on Binance.

Binance actively monitors the performances of the currencies which are listed on the exchange. If listed currencies do not have the good performances on the exchange, they actively remove them to protect users so it is the most loved exchange in the world. Reputed cryptocurrency exchange sites generally do not let sh*tcoins to stay for a long time on the exchange. 

[Cleaner 2549]

1 hour ago, Whited35 said:

Reputed cryptocurrency exchange sites generally do not let sh*tcoins to stay for a long time on the exchang

Binance is the best crypto exchange in the world.  Which means there are plenty of users here.  Binance never wants to harm its users.  As a result, they have removed all shitcoin.  As a result, their users will not face any shitcoin

[Whited35 15285]

4 hours ago, Cleaner said:

Binance is the best crypto exchange in the world.  Which means there are plenty of users here.  Binance never wants to harm its users.  As a result, they have removed all shitcoin.  As a result, their users will not face any shitcoin

Yes, they regularly monitor the stat and delist the coins but most of the other exchange sites do not prefer to follow the track that Binance is following. Anyway, they are delisting to coins also to give the chance to make entry of the new coins. I wish you guys to ask Binance for listing TON Crystal on this biggest exchange of this world. 

[Cleaner 2549]

3 hours ago, Whited35 said:

. I wish you guys to ask Binance for listing TON Crystal on this biggest exchange of this world. 

Ton crystal is a good currency.  If binance ton crystal lists the coins then the price of this coin will bull.  If you notice that after any coin is listed in binance, the price goes up very fast

[Whited35 15285]

2 hours ago, Cleaner said:

Ton crystal is a good currency.  If binance ton crystal lists the coins then the price of this coin will bull.  If you notice that after any coin is listed in binance, the price goes up very fast

Yes, true that. We have poll to expect your opinion. We also wish Yobit exchange to list the TON crystals. You can check this topic to cast vote and share the ideas. We need community supports to make TON Crystal even more powerful. Check  

 

[Cleaner 2549]

10 hours ago, Whited35 said:

. You can check this topic to cast vote and share the ideas. We need community supports to make TON Crystal even more powerful. Check  

I have already cast votes and commented on free ton crystal.  But would you like to know which ton is currently listed on the exchange site?  But we all got good amount by free ton crystal bounty.

[Whited35 15285]

3 hours ago, Cleaner said:

I have already cast votes and commented on free ton crystal.  But would you like to know which ton is currently listed on the exchange site?  But we all got good amount by free ton crystal bounty.

Quite confusing, are you asking about the exchange sites which have listed the TON Crystals? If yes, visit https://coinmarketcap.com/currencies/ton-crystal/markets/. S o many other exchange sites are also interested to list this best TOKEN from the top decentralized cryptocurrency project. 

[teebasas 3018]

This job of cleaning should be performed by all website exchanges, since some website exchanges have a lot of coins, but the rest are dead or inactive coins! As a result, they should be removed from their forum.

[Alan Johns 258]

Binance always make an announcement earlier before listing or delisting any coin or amy other important information so we should always check the notifications in Binance to remain up to date with all these news.