Binance To Delist These Crypto in BTC Trading Pairs
The post Binance To Delist These Crypto in BTC Trading Pairs appeared on BitcoinEthereumNews.com.
Binance exchange announced on Wednesday that it will delist certain crypto assets in BTC margin trading pairs. The changes affect Qtum and Venus margin trading, as well as, Contentos and Frax spot trading. Despite the delisting news, QTUM has risen 8% today and XVS is up 7.5% due to post-election market momentum fueled by Donald Trump’s victory. Binance Delisting Notice for QTUM, XVS, COS, FXS Traders According to Binance’s official release, the exchange plans to delist QTUM and XVS from BTC margin trading pairs. This move is part of Binance’s strategy to streamline offerings and enhance platform efficiency. Starting November 7 at 06:00 UTC, isolated margin borrowing for QTUM/BTC and XVS/BTC will be suspended, with full delisting on November 14 at 06:00 UTC. Positions in both cross and isolated margin pairs will close automatically, with all open orders canceled. To prevent losses, Binance advises users to close their positions early and transfer assets from Margin Wallets to Spot Wallets. This guidance aims to help users navigate the transition smoothly. While QTUM and XVS are leaving BTC margin trading, both assets will remain available on other non-margin pairs. This keeps options open for users who want to continue trading these assets on Binance. The changes reflect Binance’s ongoing adjustments to meet shifting market demands. In addition, Binance will delist spot trading pairs COS/BTC and FXS/BTC on November 8 at 03:00 UTC. This decision follows Binance’s routine evaluations to maintain a high-quality trading environment. Factors like low liquidity and trading volume often influence these choices. Price Movements and Volume Trends Amid Delisting The recent U.S. election result, with Donald Trump’s victory, has fueled a surge in these coins, reflecting renewed market optimism. QTUM price is trading at $2.32, witnessing an intraday low of $2.13 and high of $2.32. While QTUM has gained…
Filed under: News - @ November 6, 2024 6:21 pm