Binance will remove several margin and spot trading pairs on September 18, following its periodic review of liquidity, volume, and development activity. The exchange says the delistings affect only specific pairs, not the underlying tokens, and most of the involved coins were already trading lower on September 16 amid a broader market pullback.
Binance will end support for a batch of margin and spot trading pairs on September 18, the exchange announced, following a periodic review of its listed markets.
The affected pairs span both margin trading and spot trading markets.
Which Pairs Are Affected
The exchange will delist the cross-margin pairs ENJ/USDC, GENIUS/USDC, CVX/USDC, and VANA/USDC, along with the isolated-margin pair GENIUS/USDC. On the same day, Binance will also terminate the BREV/USDC, COOKIE/USDC, LA/USDC, and QNT/USDC spot trading pairs.
Binance said the review process removes pairs that no longer meet criteria such as adequate liquidity, trading volume, and development activity. According to Binance: "does not affect the availability of the tokens on Binance Spot", the exchange said of the spot delistings. It noted users can still trade the affected assets through other available trading pairs.
Market Reaction Stays Limited
Many of the tokens involved posted losses on September 16, the day the delistings were announced. However, Binance does not appear to be the main driver behind the declines; the main factor is perhaps the broader market correction caused by the CLARITY Act's failure in the US Senate.
Binance can trigger sharper moves when it drops a token entirely rather than just a trading pair. In August, the exchange ended all trading services for Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC), after which those coins plunged by double digits.
Source: CryptoPotato
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