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Leading cryptocurrency exchange Binance has hinted at plans to delist Shiba Inu (SHIB), Chainlink (LINK), Meme Coin (MEME) and a few other trading pairs from its platform.
Binance moves to protect users
Some of the affected pairs will be BLUR/FDUSD, LINK/TUSD, MEME/ETH, METIS/FDUSD, NFP/BNB, OSMO/BTC and SHIB/TUSD. The scheduled date for the suspension of these spot trading pairs is June 28 at 3:00 a.m. (UTC).
This decision will leave Binance with other high-volume trading pairs, like USDT, TRY, and FDUSD.
After conducting its periodic reviews of all listed spot trading pairs, Binance highlighted that it discovered poor liquidity and trading volume on most of the aforementioned pairs, hence, its decision to delist them. According to the popular digital asset service provider, this move aligns with its goal of protecting users and maintaining a high-quality trading market.
It is noteworthy that the potential delisting of these spot trading pairs will not impact negatively on the availability of the tokens on Binance Spot. As such, users are allowed to trade the spot trading pair’s base while they quote assets on other trading pairs available on the cryptocurrency exchange.
SHIB, LINK and MEME register price increase
Even with the news of the spot trading pair delisting, some of the underlying assets are still performing well.
At the time of this writing, LINK was trading at $14.06, with a 0.54% increase within the last 24 hours. Shiba Inu has seen more profit than LINK after a 101% jump in burn rate today. The meme coin registered a 1.61% increase within the same hour and is currently trading at $0.0000175.
Meme Coin is trading at $0.01991 and is also 1.67% higher than it was the previous day.
Meanwhile, the latest development comes barely a week after Binance announced the delisting of AI crypto spot trading pairs specifically for AI tokens Ocean Protocol (OCEAN) and SingularityNET (AGIX).
Yuri Molchan
Tomiwabold Olajide
Vladislav Sopov
Dan Burgin