The world’s largest crypto exchange Binance on Friday said it is delisting some crypto trading pairs from Binance Spot. Binance is delisting some key cryptocurrencies including Uniswap (UNI), Optimism (OP), and BakeryToken (BAKE). Users will not be able to trade these cryptos in some trading pairs, impacting the price momentum.

The crypto exchange usually delists spot and margin trading pairs due to multiple factors, such as poor liquidity and trading volume or lack of demand for some pairs.

Binance Announces Delisting Of Key Spot Trading Pairs

Crypto exchange Binance in an official announcement on April 10 revealed 6 crypto spot trading pairs to be listed from the platform. The exchange said the move is part of its periodic reviews of all listed spot trading pairs it conducts to protect users and maintain a high-quality trading market.

Binance will remove and cease trading on the spot trading pairs — BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB.

The abovementioned spot trading pairs will not be available for users to trade from 03:00 UTC on April 12. However, users can still trade these crypto available in other spot trading pairs on the crypto exchange.

In addition, Binance will also cease support of these spot trading pairs on bots services. Users are recommended to update or cancel their spot trading bots before the deadline to avoid any potential losses.

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Price Performance of Delisted Crypto

Uniswap (UNI) price fell over 1% in the past 24 hours, with the price currently trading at $11.10. Furthermore, the trading volume has decreased by 5% in the last 24 hours, indicating a decline in interest.

Meanwhile, Optimism (OP) and BakerySwap (BAKE) also fell 6% and 4% in the last 24 hours, respectively. Trading volumes on both tokens have taken a hit after Binance’s announcement.

Space ID, MOBOX, and Radiant Capital prices also fell significantly in the 24 hours, with the downfall continuing in the last few hours.

Also Read: Cardano (ADA) Price Faces Final Dip Before Rally to $1.70

The post Just-In: Binance Delists Key Spot Pairs for Uniswap, Optimism, & Other Crypto appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am