Binance Announced for These 10 Altcoins: Delist and Update Available!

Binance, the world’s largest cryptocurrency exchange, announced that it has removed 5 spot process parities from the list. The stock exchange cited weak liquidity and trading volumes as reasons for this decision. This decision is part of Binance’s periodic review process. Additionally, the stock exchange updated the futures contracts of 5 altcoins.

Binance delists 5 spot trading pairs

cryptokoin.com As you follow from , Binance, the world’s largest crypto exchange, updates its lists frequently. The exchange has made a number of changes to ensure a hassle-free trading experience for its customers. In this context, Binance announced that it has delisted some process parities with low liquidity and process volume. With this breakthrough, it aims to protect users from potential market inefficiencies and offer a more problem-free trading experience. Because it is possible for low liquidity to lead to higher volatility and slippage. It is possible that this could cause valuable losses for investors. According to the last announcement, effective from June 14, 2024, 06:00 CET, the following spot process parities will no longer be available:

• ALPACA/BTC
• MDX/BTC
• NFP/TUSD
• QUICK/BTC
• XAI/BNB

Binance updates leverage and collateral levels for 5 altcoins

Additionally, the giant crypto exchange announced changes to futures contracts for a number of tokens. The exchange updated the leverage and collateral levels in KSMUSDT, DASHUSDT, IOTXUSDT, ASTRUSDT and KAVAUSDT contracts. In this context, Binance made the following announcement:

Dear Binancians, Binance Futures will update the leverage and margin levels of KSMUSDT, DASHUSDT, IOTXUSDT, ASTRUSDT and KAVAUSDT USDⓈ-M Forever Contracts according to the tables below on 18.06.2024 at 09:00 UTC. Please note that existing locations opened before the update will be affected.

What does Delist mean and warnings for users

It is also important to note that BTC, TUSD, BNB serve as quoted currencies in these parities. So, these are used to measure the value of base currencies. This development is important for Alpaca Finance (ALPACA), Mdex (MDX), NFPrompt, QuickSwap (QUICK) and xAI (XAI). Because they seem to have lost their popularity among Binance users. However, the removal of these pairs will not affect the overall availability of individual tokens on Binance Spot. Therefore, it is possible for users to continue trading these tokens against other existing pairs on the platform. For example, ALPACA, MDX, NFP, QUICK and XAI can be bought and sold against other cryptocurrencies such as USDT, ETH or directly against prestige currencies, if available.

This delisting process follows Binance’s regular review practices, which evaluate various factors such as trading volume, liquidity and compliance with security standards. In addition to the delisting process, Binance will also immediately discontinue its Spot Trading Bots services for the above-mentioned pairs. Therefore, the exchange strongly recommended that users update or cancel Spot Trading Bots before discontinuing them to avoid unwanted losses. Spot Trading Bots are automatic systems that help users trade based on predefined strategies. Therefore, termination of bot services in these pairs means that users must manage their status manually.