Binance delisting trading pairs | Bitcointalksearch.org

magneto

hero member

Activity: 1666

Merit: 753

Quote from: Kvalentine on September 30, 2019, 03:37:27 AM

Here we go again, binance exchange decided to delist 30 different types of trading pairs on its platform and six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk.
The trading pairs are mostly TUSD and USDC pairs and Binance claimed that the pairs were being removed to improve liquidity and user trading experience and that the choice of trading pairs was as requested by most project teams.

Why would the project teams want such? what am i missing here? anyone?
Read the full news through the link below
https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad/amp

It's misleading. The article is making it seem like that Binance is turning on the tokens which it sold on its launchpad, but that's really not the case.

All they've seen here is that the cost of maintaining a market such traded against TUSD far outweighs any benefit it brings, or that it clogs up their interface. I doubt that their plains is to actually delist the coin that they IEO'd in the past completely, since the majority of these coins they are delisting can be still traded against BNB/BTC.

So we've not come to that stage yet. It's not like these pairs were terribly important anyways since USDT were far more popular compared to the other stablecoin listings.

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: Kvalentine on September 30, 2019, 03:37:27 AM

Here we go again, binance exchange decided to delist 30 different types of trading pairs on its platform and six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk.
The trading pairs are mostly TUSD and USDC pairs and Binance claimed that the pairs were being removed to improve liquidity and user trading experience and that the choice of trading pairs was as requested by most project teams.

Why would the project teams want such? what am i missing here? anyone?
Read the full news through the link below
https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad/amp

TUSD and USDC are not as popular as USDT. This is probably the reason why trading pairs with these stablecoins have very low volumes and are finally taken out of trading one after another. Last time, there was also a batch of delisted trading pairs with a long list of pairs even including BTC and ETH. But the coins listed in the OP are rather new so there is also the factor that they have yet to attract many traders.

The Cryptologist

full member

Activity: 546

Merit: 100

Quote from: seleme on October 06, 2019, 07:21:30 AM

To be honest, I prefer to trade the altcoin pairs with the ETH and BTC, stable coin pairs are the fastest option for liquidating the altcoin holdings. Binance made the right decision for increasing the liquidity on the main altcoin pairs, only some traders choose the USDC or Tether pairs for trading. The day traders are the main driver of the daily liquidity and removing the less liquid pairs will help them from my experience.

Or perhaps pairs with btc, eth and usd. Those three were enough to pair with altcoins on the exchange and not with so many bunch of other more like ltc, tether or even their token's exchange. Most of the popular coins has like 8-10 pairings which is really the culprit behind it's good liquidity. Binance should have known this and implemented strictly from the start.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

To be honest, I prefer to trade the altcoin pairs with the ETH and BTC, stable coin pairs are the fastest option for liquidating the altcoin holdings. Binance made the right decision for increasing the liquidity on the main altcoin pairs, only some traders choose the USDC or Tether pairs for trading. The day traders are the main driver of the daily liquidity and removing the less liquid pairs will help them from my experience.

lolgato1

sr. member

Activity: 793

Merit: 250

It is important to realize that they are not delisting cryptocurrencies but pairs.
If they delist some cryptocurrencies that would mean that these cryptocurrencies are no more interesting and profitable for Binance. People will sell these cryptocurrencies in a fear that they bought bad ones.

mdzahed134

sr. member

Activity: 2226

Merit: 259

Buzz App - Spin wheel, farm rewards

OMG! almost six trading pairs removed on Paxos Standard (PAX) coin. But i think a lot of pairs really valueless. I missed NPXS/BTC pair this is highest trading pair for Pundi X (NPXS). But this project gradually dumping 12 satoshi to 3 satoshi right now. That's why NPXS BTC trade pair removed for the project liquidity. LUN/ETH pair was something effective for trading i think. DOGE/FAX,ERD/PAX and PHB/PAX worst trading pairs ever in that case good decision.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Kvalentine on September 30, 2019, 03:37:27 AM

Here we go again, binance exchange decided to delist 30 different types of trading pairs on its platform and six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk.
The trading pairs are mostly TUSD and USDC pairs and Binance claimed that the pairs were being removed to improve liquidity and user trading experience and that the choice of trading pairs was as requested by most project teams.

Why would the project teams want such? what am i missing here? anyone?
Read the full news through the link below
https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad/amp

In decentralized entities they can alter anything as they want so we cannot stop this happening and this could be an answer for the people who were going behind IEOs from big exchanges they are still in risk of going into shit coins.But there project teams asked so exchange is supposed to do what they were requesting and only stable trading pairs won't hurt the cap value of coin.

cahbagus555

member

Activity: 756

Merit: 12

Quote from: Kvalentine on September 30, 2019, 03:37:27 AM

Here we go again, binance exchange decided to delist 30 different types of trading pairs on its platform and six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk.
The trading pairs are mostly TUSD and USDC pairs and Binance claimed that the pairs were being removed to improve liquidity and user trading experience and that the choice of trading pairs was as requested by most project teams.

Why would the project teams want such? what am i missing here? anyone?
Read the full news through the link below
https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad/amp

It may be delisting in some stablecoin pairs because of the many types of stablecoin so that binance may decide to concentrate on just a few stablecoin pairs. This is only delisting in stablecoin pairs and not in delisting tokens, in my opinion normal thing

alicea

hero member

Activity: 1050

Merit: 501

By the look of it, they decided to remove the pair where there is not much volume and some coins where the price of tokens was in single sats digit so I guess their decision was not that bad.

Alexandr Kirichenko

full member

Activity: 434

Merit: 100

Distributed Intelligent IoT Technology

Quote from: Red-Apple on September 30, 2019, 06:38:35 AM

that is normal. shitcoins come and die to disappear from the face of the market. if it wasn't happening then the number of existing coins would have been in 4 digits instead of being 2k something.
the most interesting thing about this particular delisting is the fact that a lot of the dead shitcoins are the tokens they were advertising as IEOs on their platform and were supposed to be better than the rest of the shitty ICOs. you can see now that there really isn't any difference even though they changed the name from ICO to IEO and tried pretending there is.

They removed only the trading pairs but not the tokens themselves. It's completely different. These trading pairs were not in demand and the decision was not long in coming. I think it's normal. But the tokens themselves are traded on the site.

betty11

copper member

Activity: 448

Merit: 3

This usually happen because of low trade volume on those pairs, and another time when developers don't constantly honor terms and conditions. For me, I will prefer BTC, ETH, stablecoin. Anything aside these I may never trade. Funny I trade BTC pair 99.9% of my trade.

Neo.op

sr. member

Activity: 1092

Merit: 254

Even binance is delisting some pair maybe if its a loss of binance. But I think it will be good for its customers as those dead coins are not needed anymore in that big exchange. Of course, they can be traded in other smaller exchanges and be active again. But I really support this delisting procedure, we need coins with high volumes only.

Omega Weapon

hero member

Activity: 1092

Merit: 501

Quote from: Red-Apple on September 30, 2019, 06:38:35 AM

that is normal. shitcoins come and die to disappear from the face of the market. if it wasn't happening then the number of existing coins would have been in 4 digits instead of being 2k something.
the most interesting thing about this particular delisting is the fact that a lot of the dead shitcoins are the tokens they were advertising as IEOs on their platform and were supposed to be better than the rest of the shitty ICOs. you can see now that there really isn't any difference even though they changed the name from ICO to IEO and tried pretending there is.

This is my main take from all of this, people have been claiming that ieos will be way better than icos and we are seeing that is not the case, it doesn't matter how much the developers of a coin try to hype their coins the issue is that no one is interested in those projects anymore, if they really want to develop something then they can do it for free as satoshi did and then release a finished product to the world, if they cannot do that they cannot expect us to care about their projects.

dannybrown

legendary

Activity: 1666

Merit: 1030

I think binance should delist tons of coins because of the low volume they have. For example we see WINK, lots of hype, Tron backed and tons of money behind it, However 1-2 BTC volume.
I do not understand why exchanges keep these coins there. They should delist more to make other succesful ones get more volume.

sujonali1819

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

It feels bad to me that because I did not think this before that Such an exchange as Binance, where 1 satoshi coins will be traded once a day. Anyway, These coins have been falling in price long ago but again after the BTC pair delisted, it again fell. And I think a lot of traders have lost huge money from these coins.

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

Just looked at those pairs delisted, apart from these 3 trading pairs that is well utilized, BTC, BNB and Ether, the others is sparingly used. I don't think it is fair to be devoting technical resources to pairs people are not interested in using, if this move is going to concentrate liquidity good for the project.

enhu

legendary

Activity: 2492

Merit: 1018

The delisting of these pairs had help the price of BTC to go up I guess. Its not a bad decision all along

I'm somehow not happy to see some of the coins I hold were included in the list which had dropped due to it. I see it a reason to buy more of it if there were just updated from the team, an intervention probably.

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: btc_angela on September 30, 2019, 08:03:19 AM

Just for the record, here is the official statement from Binance:

Quote

Fellow Binancians,

To improve liquidity and user trading experience among our wide range of available assets, Binance will remove and cease trading on the following trading pairs (as requested by most project teams) at 2019/09/30 8:00 AM (UTC):

ANKR/PAX, ANKR/TUSD, ANKR/USDC, BCPT/PAX, BCPT/TUSD, BCPT/USDC, BTT/BTC, DENT/BTC, DOGE/PAX, DOGE/USDC, ERD/PAX, ERD/USDC, FTM/PAX, FTM/TUSD, FUEL/ETH, GTO/PAX, GTO/TUSD, GTO/USDC, LUN/ETH, NCASH/BNB, NPXS/BTC, ONE/PAX, ONE/TUSD, PHB/PAX, PHB/USDC, TFUEL/PAX, TFUEL/TUSD, TFUEL/USDC, WAVES/PAX, WIN/BTC.

https://www.binance.com/en/support/articles/360034580431

But I was surprised to see BTT/BTC, I mean what happened? BTT was doing good and it really alarm me that such good coin as BTT are going to be delisted right after just listing them a couple of months ago. Does it mean that it is being used for pump and dump scheme?

I share the same argument this a bad precedent, BitTorrent is enjoying a very good volume now they are delisting for that useless reason, developers will now have second thought if Binance is the right exchange for them to launch their IEO since they are going to delist their coin even if they have a good volume and moving up.

kramchers

full member

Activity: 854

Merit: 101

It always do on any exchanges, if there is not enough volume then it is time to delist it.
There are more tokens who have better demand that can be listed on that space.
That is what cryptocurrency is about the volume and demand.

Sendi blackspade team

full member

Activity: 941

Merit: 100

Quote from: steveabrahams on September 30, 2019, 09:38:38 AM

Wow i didn't expect that. Especially for BitTorrent, Elrond, Harmony and WINk. Success on IEO hosted by binance, listed by binance but delisted by binance too. I think it will makes the price of these coins crash. For people who hold these coins, be careful.

I'm also surprised to hear this. even ONE has also experienced a significant decline after this news was announced.
which is my question, is it removed from binance will it also be deleted from the binance DEX trade?
or all tokens that use BEP-2 will still be traded on the binance DEX?

Topic: Binance delisting trading pairs (Read 471 times)