Binance has announced plans to delist three spot trading pairs as part of its initiative to uphold a high-quality trading environment.
In a Dec. 12 announcement, Binance confirmed it will delist three spot trading pairs: DCR/BTC, PEPE/TUSD, and ZEN/ETH. Trading for these pairs will cease on Dec. 13 at 03:00 (UTC). This action is part of Binance’s ongoing effort to maintain a high-quality trading environment.
Periodic Review and Delisting Criteria
The delisting is a result of Binance’s regular review process, during which trading pairs are assessed based on liquidity, trading volume, and market quality. Pairs that no longer meet the exchange’s standards are removed from the platform.
Binance strongly advised users to update or cancel their Spot Trading Bots before the delisting to prevent any potential losses.
As of the announcement:
– The PEPE/TUSD pair had a 24-hour trading volume of 120,279 TUSD
– The ZEN/ETH pair saw a trading volume of 16.81 ETH
– The DCR/BTC pair recorded a volume of 1.41 BTC
Binance clarified that the removal of these pairs does not mean the tokens themselves are being delisted. Users can still trade the assets through other available pairs.
This delisting follows the removal of several other spot trading pairs on Dec. 10, including:
- – GFT/USDT
- – IRIS/USDT
- – KEY/USDT
- – OAX/BTC
- – OAX/USDT
- – REN/BTC
- – REN/USDT
Binance’s Continued Expansion
While Binance is removing low-liquidity pairs, it is also continuing to expand its offerings. Recently, the exchange launched perpetual trading for the SPX6900 meme coin. As a tier-1 exchange, listings on Binance often result in significant price increases for the associated tokens.
Meme coins have recently seen massive growth following their Binance listings. Last month, two Solana-based meme coins, ACT and PNUT, experienced market cap surges of 1,199% and 208%, respectively.
Pre-Listing Announcements Spark Price Rallies
In some cases, even the announcement of a Binance listing can trigger a price rally. For instance, the ACX token from Across Protocol surged by about 150% after the exchange revealed plans to list it on Dec. 6.
Current Performance of PEPE, DCR, and ZEN
PEPE: Currently trading at $0.00002347, PEPE has seen a 9% decline over the last 24 hours. Despite this drop, it remains up 90% this month, showing strong market momentum.
DCR: The price of DCR is currently $21.26, down 4% over the past 24 hours, with a low of $18.52 and a high of $21.08. However, DCR has gained 46% this month, indicating a bullish trend.
ZEN: ZEN’s price is $14.17, having gained 1.7% in the last 24 hours and 53% over the month. Binance listings and announcements.
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