- Binance will stop supporting trading pairs DARB/BNB, DEXE/ETH, IDB/BNB, and POLS/BTC starting January 19th. The announcement caused minor price drops for some coins.
- Binance said the delisting comes after reviewing pairs based on low liquidity and volume. The exchange did not give further details on why these specific coins were chosen.
- Despite the delistings, Binance recently added new trading pairs like SOL/USDC and introduced new margin services. The changes aim to improve offerings while keeping a robust selection of pairs.
Binance, the world’s largest cryptocurrency exchange, has announced it will terminate support for four spot trading pairs: DARB/BNB, DEXE/ETH, IDB/BNB, and POLS/BTC. The delisting will take effect on January 19th.
Affected Pairs and Cryptocurrency Prices
The announcement has already impacted some of the cryptocurrencies involved. DEXE and POLS have seen minor price decreases following the news. However, the broader market correction after last week’s historic Bitcoin ETF approvals may also be a factor.
This is not Binance’s first round of delistings this year. On January 4th, it placed privacy coins like Monero and Zcash under review. Failing to meet the exchange’s criteria could result in their eventual delisting. Binance also ended support for nine trading pairs, including LTC/UAH and FLOKI/USD, in early January.
Reasons for Delisting
Binance said the decision comes after a routine review of listed pairs based on factors like low liquidity and trading volume. The company did not provide further details on why these specific coins were chosen.
Binance advised users to update or cancel their trading bots before the changes take effect to avoid potential losses.
Recent Changes at Binance
Despite the delistings, Binance added some new trading pairs last week, including SOL/USDC, ARB/FDUSD, and DOCK/USDT. It also introduced new cross-margin and isolated margin options.
The company continues to make updates like this to improve services and streamline its offerings. With tight competition among crypto exchanges, maintaining a robust but manageable range of trading pairs and margin services is critical.
The Future of Delisted Coins
The coins removed from Binance will likely seek listings on other exchanges. However, losing place on the world’s largest trading platform deals a blow. For now, their futures remain uncertain. Traders will watch closely to see where these delisted cryptocurrencies end up.