Binance to delist low liquidity trading pairs for PEPE, DCR, ZEN

Binance has warned that it will delist three spot trading pairs as part of its efforts to maintain a high-quality trading market.

According to the announcement made on December 12, the exchange said that it will delist spot trading for DCR/BTC, PEPE/TUSD, and ZEN/ETH, and trading will end at 03:00 UTC on December 13.

The move is part of a periodic review of the exchange; It evaluates trading pairs on factors such as liquidity, trading volume and overall market quality and removes those that no longer meet its standards.

The announcement stated, “Users are strongly advised to update and/or cancel their Spot Trading Bots before the discontinuation of Spot Trading Bots services to avoid possible losses.”

At the time of writing, the 24-hour trading volume of the PEPE/TUSD trading pair was 120,279 TUSD, while the trading volume of the ZEN/ETH trading pair was only 16.81 ETH, while the 24-hour trading volume of the DCR/BTC pair was 120,279 TUSD. 1.41 Bitcoin.

Binance also clarified that the removal of these trading pairs does not mean that the tokens have been removed from the platform. Users will still be able to trade assets via other available trading pairs.

The latest liquidation comes after the exchange delisted several spot trading pairs on December 10, including GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC and REN/USDT.

Meanwhile, Binance continued to expand its offerings with new listings. The exchange recently launched Perpetual trading for the popular SPX6900 meme token.

As a tier 1 exchange, listings on Binance are often followed by significant price increases for the relevant tokens. Meme coins have been among the biggest beneficiaries of this trend lately.

Last month, two Solana-based memecoins, ACT and PNUT, experienced explosive growth following their Binance listings, with their market caps increasing by 1,199% and 208% respectively.

In some cases, just the announcement of a Binance listing is enough to send tokens soaring; just like Across Protocol’s native token, ACX, on December 6; The exchange surged nearly 150% after announcing it would list Binance. adverb.