Crypto exchange Binance has made a series of listing and delisting announcements. Additionally, it has added 4 altcoins to its watchlist. What's happening?
The world's largest crypto exchange, Binance, continues to delist crypto pairs in the Binance Coin (BUSD) trading pair. According to the latest announcement, as of October 6th, 19 trading pairs will be delisted. In addition to the delisted trading pairs, the exchange also stated that it would introduce new trading pairs in the FDUSD, TUSD, and TRY pairs. With all these announcements, Binance has also made a crucial move by putting 4 altcoins on its watchlist. So when will the delisting and listing take place, and which pairs are affected? Which altcoins are on the watchlist?
Binance Exchange and Announcements
Several trading pairs are being delisted.
The world's largest cryptocurrency exchange, Binance, is continuing to delist BUSD pairs. Additionally, the exchange announced that it would halt trading in 14 spot trading pairs. Binance periodically reviews all listed spot trading pairs to protect users and maintain a high-quality trading market. It delists selected spot trading pairs due to factors like weak liquidity and trading volume. Based on its latest reviews, Binance will cease and desist trading in the following spot trading pairs:
October 6th, 08:00: 1INCH/BUSD, AERGO/BUSD, ANKR/BUSD, DATA/BUSD, DIA/BUSD, ERN/BUSD, IOST/BUSD, KP3R/BUSD, LOKA/BUSD, LRC/BUSD October 6th, 10:00: LTO/BUSD, MDX/BUSD, OM/BUSD, POLYX/BUSD, RARE/BUSD, SLP/BUSD, SUSHI/BUSD, THETA/BUSD, YFI/BUSD
Additionally, Binance Margin announced that it would delist the following isolated margin pairs on October 12th at 09:00:
"AAVE/BUSD, ADX/BUSD, AMP/BUSD, AR/BUSD, BADGER/BUSD, BETA/BUSD, CELR/BUSD, CHESS/BUSD, CHZ/BUSD, DEXE/BUSD, DREP/BUSD, HARD/BUSD, ILV/BUSD, IOTA/BUSD, JOE/BUSD, MBOX/BUSD, MOVR/BUSD, QI/BUSD, RPL/BUSD, SNX/BUSD, SYS/BUSD, TKO/BUSD, TOMO/BUSD, VOXEL/BUSD, and WRX/BUSD."
On October 9th, at 09:00, Binance Margin will suspend isolated margin borrowing on these pairs. On October 12th, at 09:00, it will close users' positions, perform an automatic liquidation, and cancel all pending orders for the aforementioned isolated margin pairs. These pairs will then be removed from the Isolated Margin list, and users will not be able to adjust their positions during the delisting process.
5 spot trading pairs are being added.
Furthermore, Binance announced that it would add the following crypto pairs to its platform on October 5th at 11:00: ARB/FDUSD, FDUSD/TRY, FRONT/TRY, LINK/TUSD, and SUI/FDUSD. Users can benefit from zero trading fees on FDUSD and TUSD trading pairs until the next announcement.
4 altcoins have been added to the watchlist.
Finally, on October 4th, Binance made an important announcement regarding Beta Finance (BETA), BarnBridge (BOND), WaltonChain (WTC), and NEM (XEM). According to recent reviews, more tokens will be added to the exchange's existing Watchlist. The newly added tokens on October 4th include:
Beta Finance (BETA) BarnBridge (BOND) WaltonChain (WTC) NEM (XEM)
Tokens with the Watchlist label are highly volatile and carry risks compared to other listed tokens. Additionally, these tokens are closely monitored by the exchange through regular reviews. Tokens with the Watchlist label are at risk of delisting if they do not meet Binance's listing criteria. To gain access to trading Watchlist tokens, users must pass relevant tests on the Binance Spot and/or Binance Margin platforms every 90 days and accept the Terms of Use.