An important announcement came from the leading Bitcoin exchange #Binance today. According to this, the explanation is about 25 altcoins. There are significant changes for the platform. Accordingly, Binance will remove 25 trading pairs from the list in the latest update. Let's look at the details.
Binance announces that 25 altcoin trading pairs have been removed from the list
Binance, the world's largest cryptocurrency exchange, is making important statements in its latest update. Accordingly, he announced plans to remove 25 altcoin trading pairs from both isolated and cross-margin trading. Important cryptocurrencies are among the token projects Decertified from the list.
Friday September 29th, Binance published an official statement, listed the tokens to be removed from the list. Among the cryptocurrencies included in the list are Bella Protocol (BEL), BarnBridge (BOND), BurgerCities (BURGER) Dec. The altcoin Coin98 (C98), Cortex (CTXC), Ethereum Name Service (ENS), Flux (FLUX) are also included. Also included are ICON (ICX), IoTeX (IOTX), Kava (KAVA), Kadena (KDA), Lazio Fan Token (LAZIO). Mina Protocol (MINE), NEO (NEO), Ocean Protocol (OCEAN), Ontology (ONT) are also among those that are Decrypted. Marlin (POND), Quant (QNT), Reef (REEF), Santos FC Fan Token (SANTOS), SafePal (SFP), SuperVerse (SUPER), Stargate Finance (STG), Alien Worlds (TLM) and Vibraniums (VIB) are also included on the other hand.
Delisting timeline
According to the announcement, Binance will begin the process by suspending isolated and cross-margin borrowing for BUSD pairs of these altcoin projects. It is within the expectations that this transaction will be performed on October 2 at 09:00. Then, at 09:00 on October 10, all open positions in these trading pairs will be closed automatically. In addition, users will receive payouts directly.
After these transactions, Binance will continue to cancel all pending orders. In addition, the exchange will suspend trading against the altcoin BUSD in these October trading pairs. However, let's remind that these tokens may still have other pairs for margin trading. In other words, it should not be forgotten that they have not been completely removed from the platform. Within the dynamic structure of the cryptocurrency market, Binance's move attracts a lot of attention. On the other hand, investors are looking at what the next move will be. Because the crypto money market is known for its dynamic structure. Here, it is recommended that investors stay up to date with the latest developments, especially when it comes to trading pairs and assets on platforms such as Binance.