The Big Delisting Party
On September 30, Binance, one of the titans of cryptocurrency exchanges, decided to shake things up by delisting a whopping thirty trading pairs. Talk about a crypto spring cleaning! Among these pairs, a notable surprise lies in the fact that six of them are tied to tokens launched via Binance’s own IEO platform, Binance Launchpad. If you’ve invested in BitTorrent (BTT), Elrond (ERD), Harmony (ONE), or WINk (WIN), it might be time to grab a snack and digest what this means for your portfolio.
Full List of Trading Pairs Removed
Here’s the complete trading pair black list, curated by Binance with utmost care:
- ANKR/PAX
- ANKR/TUSD
- ANKR/USDC
- BCPT/PAX
- BCPT/TUSD
- BCPT/USDC
- BTT/BTC
- DENT/BTC
- DOGE/PAX
- DOGE/USDC
- ERD/PAX
- ERD/USDC
- FTM/PAX
- FTM/TUSD
- FUEL/ETH
- GTO/PAX
- GTO/TUSD
- GTO/USDC
- LUN/ETH
- NCASH/BNB
- NPXS/BTC
- ONE/PAX
- ONE/TUSD
- PHB/PAX
- PHB/USDC
- TFUEL/PAX
- TFUEL/TUSD
- TFUEL/USDC
- WAVES/PAX
- WIN/BTC
Why the Changes?
Binance stated that this wave of removals aims to “improve liquidity and user trading experience.” Essentially, they might be doing a little digital feng shui here, hoping that by cleaning out less popular options, they can create a more intuitive trading environment for the rest of us. Binance also indicated that the decisions about which trading pairs to remove were largely influenced by feedback from the project teams involved. So if you’re still holding onto one of these pairs, perhaps it’s time for a meeting with your crypto consultant!
The IEO Connection
What’s particularly curious is the higher-than-expected proportion of IEO-related pairs being shelved. A full 20% of the removed pairs belong to tokens that Binance itself previously endorsed through its launchpad. It raises eyebrows—did those projects fail to generate enough market enthusiasm, or is Binance simply clearing the deck for the next wave of fresh tokens? One can’t help but ponder.
Additional News from Binance
As if the delisting news wasn’t enough to keep Binance in the headlines, the exchange has also recently made headlines by cooperating with British authorities in a fraud investigation that uncovered over $51 million in losses for victims. It seems like Binance is not only busy managing trading pairs but also navigating through more serious matters on the global stage.
