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🚨 Attention: Binance Delisting Alert on January 12th! 🚨
Binance, the world's largest cryptocurrency exchange, is set to delist nine spot trading pairs, including LTC/UAH, FLOKI/TUSD, COS/BNB, COTI/BNB, MULTI/BTC, and more. The move, attributed to routine reviews for maintaining a quality trading market, sparked a temporary decline in affected cryptocurrencies.
The exchange's periodic reviews aim to protect customers and ensure a high-quality trading environment. Services with the delisted cryptocurrencies will terminate on January 12, potentially impacting liquidity and causing reputational damage.
Notably, FLOKI, LTC, and COTI experienced a brief decline, possibly influenced by both the delisting news and a broader market correction following the US SEC Chairman's statement on the spot Bitcoin ETF.
However, some tokens rebounded as the market absorbed information related to the SEC-ETF situation. This marks Binance's second adjustment in 2024, with the recent addition of Monero (XMR), Zcash (ZEC), and eight other cryptocurrencies to its Monitoring Tag list.
Assets in this category face close scrutiny and may be delisted if they fail to meet criteria like network stability, trading volume, development activity, public communication, and more. Additionally, Binance removed GMX (GMX) and SushiSwap (SUSHI) from its Seed Tag list, replacing the Binance Innovation Zone focused on early-stage coin development.
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Stay informed and adapt to these changes in the dynamic cryptocurrency landscape. For more details, visit CryptoPotato. 📉🔄 #Binance #Cryptocurrency #DelistingAlert
Binance, the world's largest cryptocurrency exchange, is set to delist nine spot trading pairs, including LTC/UAH, FLOKI/TUSD, COS/BNB, COTI/BNB, MULTI/BTC, and more. The move, attributed to routine reviews for maintaining a quality trading market, sparked a temporary decline in affected cryptocurrencies.
The exchange's periodic reviews aim to protect customers and ensure a high-quality trading environment. Services with the delisted cryptocurrencies will terminate on January 12, potentially impacting liquidity and causing reputational damage.
Notably, FLOKI, LTC, and COTI experienced a brief decline, possibly influenced by both the delisting news and a broader market correction following the US SEC Chairman's statement on the spot Bitcoin ETF.
However, some tokens rebounded as the market absorbed information related to the SEC-ETF situation. This marks Binance's second adjustment in 2024, with the recent addition of Monero (XMR), Zcash (ZEC), and eight other cryptocurrencies to its Monitoring Tag list.
Assets in this category face close scrutiny and may be delisted if they fail to meet criteria like network stability, trading volume, development activity, public communication, and more. Additionally, Binance removed GMX (GMX) and SushiSwap (SUSHI) from its Seed Tag list, replacing the Binance Innovation Zone focused on early-stage coin development.
VOTE FOR ME TO WIN TRADING REBATE VOUCHER 10000
Stay informed and adapt to these changes in the dynamic cryptocurrency landscape. For more details, visit CryptoPotato. 📉🔄 #Binance #Cryptocurrency #DelistingAlert
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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