Binance will delist several currency pairs

Representatives of the Binance trading platform announced the delisting of a number of cryptocurrencies: BitShares, PERL.eco, Tornado Cash and Waltonchain

Cryptocurrency exchange Binance announced the delisting of several assets, including BitShares, PERL.eco, Tornado Cash and Waltonchain. These changes, which come into effect on December 7, are due to a number of factors, such as insufficient trading volumes and decreased liquidity of these digital assets. In particular, over the past 24 hours the price of WTC has fallen by 35%, and PERL has lost almost 45%

This decision continues steps to optimize the exchange's asset portfolio following the delisting of several coins and trading pairs last week, such as APT/BUSD, AXS/BUSD, FIL/BUSD and USTC/BUSD. Binance representatives did not provide specific reasons for such actions, but noted that the company carefully analyzes trading pairs, regularly removing assets with low liquidity and trading volumes.

Additionally, the BUSD stablecoin is scheduled to be discontinued in January 2024, with customers encouraged to exchange their assets for other digital currencies by February of that year. An important point was also Binance’s decision to settle the conflict with the US Department of Justice, which cost the exchange a fine of $4.3 billion.

Due to changes at the top of Binance, Changpeng Zhao stepped down as head, replaced by Richard Teng. In addition, Zhao faces a $50 million fine and restrictions on traveling outside the United States. The difficult situation surrounding Binance has created significant pressure on the cryptocurrency market, although many experts argue that the exchange's collapse is unlikely given its financial strength and the differences in the situation with FTX.

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$BUSD $PERL $AXS