Binance announced plans to lose four ALTCOINS on the product suite on Monday, causing significant price drops to the affected tokens.
The measures to take effect on February 24th 03:00 UTC are another attempt from Binance to improve market quality.
Four Altcoins waited for Binos listing.
Binance announced plans to list and stop trading in all branch trading pairs of four tokens on a blog post on Monday.
“… We decided to list and stop trading in all branch trading pairs for the next tokens of 2025-02-24 03:00 (UTC). AIRDAO (AMB), CLV (CLV), STORMX (STMX), Vite (Vite) ”said Binance.
The pairs scheduled for removal are AMB/USDT, CLV/BTC, CLV/USDT, STMX/TRY, STMX/USDT and Vite/USDT. Following the announcement of the Binance Denisting, most tokens lost two digits.
The turnout is not surprising depending on the price of the token listing for public exchange. For example, if Binance removes six altcoins in August, a significant price for these cryptocurrencies has dropped significantly.
Specifically, PowerPool (CVP) and ELLIPSIS (EPX) showed a 14% and 22% decrease immediately after the listing announcement. Similarly, in December, the recent announcement of the Binos listed three altcoins to free poles and reflected the latest turnout.
Conversely, token lists for popular exchanges such as Binance and Coinbase inspire prices soar. As reported by Beincrypto, Coinbase Exchange’s recent POPCATE and Pengu have gained double -digit profits for tokens.
Binance user needs to know
The Binance Denisting presentation is part of the occasional movement of Exchange to review the performance of the listed trading pairs. Specifically, Exchange analyzes factors such as the level and quality of development activities. It also assesses network and smart contract stability.
The excerpt of the blog is, “If coins or tokens are no longer changing these standards or industry environments, they perform a more in -depth review and potentially reject it.
Such measures make Binance appear to ensure the best service and protection for users. Therefore, Binance users should know that after the transaction was suspended on February 24, all transaction orders for the tokens marked as a symbol will be removed.
This means that the evaluation of the token is no longer displayed in the user account after listing. In addition, the deposit of this token will not be recognized as a user account from February 25th. In the same note, these tokens will not be supported in Binance after April 24. .
There is also Binance This listing measure said on February 21 that it will affect permanent contracts for AMB and STMX at 09:00 UTC. This means that merchants with public positions for these futures contracts should be considered to close them. You can avoid auto settlement before suspicious.
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