Binance, the leading cryptocurrency exchange, has hinted at plans to remove the list Shiba Inu (SHIB), Chainlink (LINK), Meme Coin (MEME) and some other trading pairs on their platform.
Binance, the leading cryptocurrency exchange, has hinted at plans to remove the list Shiba Inu (SHIB), Chainlink (LINK), Meme Coin (MEME) and some other trading pairs on their 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 expected date for the suspension of these spot trading pairs is June 28 at 3:00 am (UTC).
This decision will leave Binance with other high-volume trading pairs such as USDT, TRY, and FDUSD.
After conducting its regular reviews of all listed spot trading pairs, Binance highlighted that it discovered poor liquidity and trading volume in 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 should be noted that the potential delisting of these spot trading pairs will not negatively impact the availability of the tokens on Binance Spot. As such, users can trade the spot trading pair basis while trading assets in other trading pairs available on the cryptocurrency exchange.
SHIB, LINK and MEME record price increase
Even with the news of the removal of the spot trading pair, some of the underlying assets are still performing well.
At the time of writing, LINK was trading at $14.06, up 0.54% in the last 24 hours. Shiba Inu has made more profits than LINK after a 101% increase in the current consumption rate. The meme coin recorded an increase of 1.61% in the same hour and is currently trading at $0.0000175.
Meme Coin is trading at $0.01991 and is also 1.67% higher than the previous day.
Meanwhile, the latest development comes just a week after Binance announced the delisting of AI cryptocurrency spot trading pairs specifically for the Ocean Protocol (OCEAN) and SingularityNET (AGIX) AI tokens.
