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Topic: Binance delisting trading pairs (Read 471 times)

hero member
Activity: 1666
Merit: 753
October 06, 2019, 08:30:07 AM
#48
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.
sr. member
Activity: 756
Merit: 251
October 06, 2019, 08:11:49 AM
#47
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.
full member
Activity: 546
Merit: 100
October 06, 2019, 07:25:52 AM
#46
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.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
October 06, 2019, 07:21:30 AM
#45
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.
sr. member
Activity: 793
Merit: 250
October 06, 2019, 07:19:16 AM
#44
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.
sr. member
Activity: 2226
Merit: 259
Buzz App - Spin wheel, farm rewards
October 06, 2019, 07:15:32 AM
#43
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. 
sr. member
Activity: 2520
Merit: 280
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October 06, 2019, 06:59:02 AM
#42
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.
member
Activity: 756
Merit: 12
October 06, 2019, 06:54:19 AM
#41
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
hero member
Activity: 1050
Merit: 501
October 06, 2019, 06:35:50 AM
#40
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.
full member
Activity: 434
Merit: 100
Distributed Intelligent IoT Technology
October 05, 2019, 02:07:14 PM
#39
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.
copper member
Activity: 448
Merit: 3
October 05, 2019, 01:58:18 PM
#38
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.
sr. member
Activity: 1092
Merit: 254
October 05, 2019, 01:44:55 PM
#37
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.
hero member
Activity: 1092
Merit: 501
September 30, 2019, 11:53:54 AM
#36
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.
legendary
Activity: 1666
Merit: 1030
September 30, 2019, 11:23:01 AM
#35
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.
legendary
Activity: 2436
Merit: 1189
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September 30, 2019, 11:21:04 AM
#34
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.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
September 30, 2019, 11:19:36 AM
#33
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.
legendary
Activity: 2492
Merit: 1018
September 30, 2019, 11:04:30 AM
#32


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

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.
legendary
Activity: 3416
Merit: 1225
September 30, 2019, 10:50:20 AM
#31
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.
full member
Activity: 854
Merit: 101
September 30, 2019, 10:47:33 AM
#30
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.
full member
Activity: 941
Merit: 100
September 30, 2019, 10:44:16 AM
#29
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?
legendary
Activity: 3094
Merit: 1069
DGbet.fun - Crypto Sportsbook
September 30, 2019, 10:41:51 AM
#28
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

Binance is becoming too crowded from all these stablecoin pairs. They should focus on just a few stablecoin pair while make other stablecoin tradeable with the reference stablecoins. I think this move is an start to implement that. If BitTorrent is tradable with 5 other USD fixed stablecoin, it's not necessary to pair it with two more.
member
Activity: 672
Merit: 10
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September 30, 2019, 10:35:41 AM
#27
It's only delisting trading pair of some coin, i think that is good idea becuse some pair have a low volume. So i think it's not effect to the coin price.
full member
Activity: 438
Merit: 100
arcs-chain.com
September 30, 2019, 09:55:01 AM
#26
I was quite surprised to know Binance delist the BTC pairs of IEOs even recent IEOs like those of Wink. This action and the fact that Binance will only conduct IEO once a month proves that Binance will select projects more carefully, which also shows that the IEO Trend is regressing.
sr. member
Activity: 1050
Merit: 254
September 30, 2019, 09:38:38 AM
#25
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.
full member
Activity: 1134
Merit: 103
September 30, 2019, 09:30:00 AM
#24
In my opinion, it is a great decision, because they need to support the liquidity of each trading pair and if you have several pairs with low trading volume on such a huge exchange as Binance, you need to take action, to stay on the same level.

Yes, trading at 2 sats will not help the coin to increase its price and even it is not a good idea because most of the people will afraid to trade them in BTC. Now it is better option for trading them in USDT pairs because we might see price movement compared to Satoshi.
legendary
Activity: 2114
Merit: 1150
https://bitcoincleanup.com/
September 30, 2019, 09:23:34 AM
#23
~snip

I share your opinion that coins/tokens that do not generate enough volume should be delisted, Binance is not my main exchange, I'm checking some of the coins and tokens that they delisted in Coinmarketcap, one popular is BitTorrent https://coinmarketcap.com/currencies/bittorrent/
Volume (24h)
$62,717,954 USD
7,780 BTC
4,481,517,904 TRX

Does BitTorrent deserves to be delisted it has a good performance in terms of volume, am I missing something here/
I'm not sure if you misunderstood what was in the OP. BTT wasn't delisted. Only the BTT/BTC pairing was removed. I went to the Binance twitter page and see reactions on the BTT?BTC pair removal, here's one user has to say:

https://twitter.com/subsidieland/status/1178559889171460096
Quote
i think it is a good decision. You can hardly trade those low value coins. Only 1 sate differince in buy and sell with huge volumes.

At first i also was a bit shocked, but with BTT prices staying on 5 or 6 sats for weeks , there was no fun in the trading with BTC.
copper member
Activity: 280
Merit: 1
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September 30, 2019, 09:14:35 AM
#22
In my opinion, it is a great decision, because they need to support the liquidity of each trading pair and if you have several pairs with low trading volume on such a huge exchange as Binance, you need to take action, to stay on the same level.
sr. member
Activity: 994
Merit: 262
September 30, 2019, 08:33:50 AM
#21
It means that Harmony, Wink, Elrond and so on will not be delisted but only there will be less pairs to trade? That is not a problem definetely because you can switch between BTC and USD instantly Smiley.

its good news for this coins, because more comfortable trade on usd pairs then 1-2 sat to BTC. Priced have more place for move. Also there are traders who trade only on fiat pairs.
sr. member
Activity: 1134
Merit: 342
September 30, 2019, 08:28:29 AM
#20
Actually it was very good when we looked at it. For low-value coins against BTC, such as WIN, NPXS, DENT, BTT, trading became increasingly difficult. So think about the WIN / BTC parity was between 1-2 sats. If you bought WIN for 1 satoshi when you sold at 2 sats would be 50% profit, but it would require a lot of trading for that. The same goes for the others.

But there is one more bad thing. WIN had already dropped to 1 satoshi. In 8 decimal with 1 satoshi, the last point for trade in Binance. Now there is a chance to fall further against the USD.
legendary
Activity: 3052
Merit: 1188
September 30, 2019, 08:11:42 AM
#19
six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk.
Bittorent and wink are tron's tokens under Justin Sun's management. On seeing this topic first, I thought it could an usual maintenance routine for an exchange whereas new tokens (Bittorent was launched last Feb 11th and this Sept 11th only wink was launched or airdropped for tron's holders). I guess all the tron holders must need to wake up now at least. But, with recent down surge of BTC, Tron must be one of the coin which performed well. Still, not sure what are the plans Sun is having.

Why would the project teams want such? what am i missing here? anyone?
We need to accept those decisions of centralized authorities are making and need to understand that this is how exchanges are working. They clearly mention one of the reason as "to improve liquidity and user trading experience". So, we must need to assume like it would be for "better binance".
hero member
Activity: 2660
Merit: 551
September 30, 2019, 08:03:19 AM
#18
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?
member
Activity: 448
Merit: 10
September 30, 2019, 07:42:53 AM
#17
some of the coins which are being delisting are newly launched Ieo i think they didnt show real development to binance team they are getting delisted
hero member
Activity: 2996
Merit: 598
Leading Crypto Sports Betting & Casino Platform
September 30, 2019, 07:36:01 AM
#16
If you are someone who owns an exchange platform, it would make sense to remove pairings that does not generate enough volume. Why maintain something that is no longer beneficial to the platform? It should not be a problem for the affected pairings also. I believe they still have the option to request again once there is consistent demand for another pairing.

I share your opinion that coins/tokens that do not generate enough volume should be delisted, Binance is not my main exchange, I'm checking some of the coins and tokens that they delisted in Coinmarketcap, one popular is BitTorrent https://coinmarketcap.com/currencies/bittorrent/
Volume (24h)
$62,717,954 USD
7,780 BTC
4,481,517,904 TRX

Does BitTorrent deserves to be delisted it has a good performance in terms of volume, am I missing something here/
full member
Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
September 30, 2019, 07:35:35 AM
#15
Today I saw this news and it is very sad. they even delisted trading pairs with BTT. they themselves have created a rush around this coin and now they are now removing the trading pair. it all looks like a hidden scam
member
Activity: 700
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Sovryn - Brings DeFi to Bitcoin
September 30, 2019, 07:17:33 AM
#14
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
Chill pal, those pairs that got removed on binance exchanges have no trading volumes thats why they are been removed, i trust any decisions make by binance exchange,its for the best of every traders and the projects as well, its a good move that needs to be made, hope other exchanges can learn from binance team
sr. member
Activity: 882
Merit: 254
September 30, 2019, 07:13:14 AM
#13
The idea itself isn't so ba, actually it's great, the thing is that some people aren't comfortable enough using USDT (not 100% safe as you know)so they prefer trader with other Stable Coins.

Now let's get back to what Binance team did by desisting those pairs, i's GREAT MOVE i say & i wish to see only one dominant table Coin there trading against other crypto so the liquidity starts to be logic gain.

Since Binance banned USA users, we all notice a huge decrease in the daily trading volume & since Binance has a great team adapting with market conditions, i salute them for doing this move or removing these Stable Coin Pairs & make them in one (let( say USDT only).
sr. member
Activity: 493
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Don't trust "BBOD The Best Futures Exchange"
September 30, 2019, 06:52:47 AM
#12
Those trading pairs have low volume right now. That's why binance has decided to delist those trading pairs. I think this is not a bad dession. Because binance is one of the top exchange in the crypto market. They are improving the quality of the exchange. The next thing is other binance listed coin's projects are work and update day by day to get more volume of their coins.
Most of these are very cheap coins and deleting the BTC trading pair is not an issue at Binance exchange. Investors can switch to USDT for trading as this is a trading pair with a much higher liquidity than BTC. When this news came out I was very worried about the IEO projects at this exchange but when calmly researching the content, I felt that this was something that all other exchanges should do during this time.
full member
Activity: 980
Merit: 109
September 30, 2019, 06:46:55 AM
#11
I see nothing wrong with removing illiquid pairs from trading. And the fact that some of these coins with IEO Binance Launchpad makes you wonder - is there a difference between ICO and IEO?
sr. member
Activity: 1540
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September 30, 2019, 06:43:55 AM
#10
Those trading pairs have low volume right now. That's why binance has decided to delist those trading pairs. I think this is not a bad dession. Because binance is one of the top exchange in the crypto market. They are improving the quality of the exchange. The next thing is other binance listed coin's projects are work and update day by day to get more volume of their coins.

I think it is mainly because of the team themselves not the Binance itself, as OP stated above.
The team is asking for this because they want the users to focus on one pair of trade instead of making a multiple order from different pair that will reduce the orders and widen the gap between the orders.
it is an old trick to maximize the volume and increase the support.

It means that Harmony, Wink, Elrond and so on will not be delisted but only there will be less pairs to trade? That is not a problem definetely because you can switch between BTC and USD instantly Smiley.

Precisely, as long as it is there. Everything is fine
hero member
Activity: 1470
Merit: 655
September 30, 2019, 06:38:35 AM
#9
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.
hero member
Activity: 2604
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🐺Spinarium.com🐺 - iGaming casino
September 30, 2019, 06:10:36 AM
#8
If the exchanges have a low volume trade, the exchanges will delist the coin/tokens because they think that they cannot make a profit from those coins/tokens. It's normal to see that, and if you remember, the other exchanges were already delisting the other coins too because of the low volume trade. We will see another delist from the exchanges in the future so that's good for the exchanges itself because they can get a fresh list to make a profit.
full member
Activity: 784
Merit: 101
September 30, 2019, 06:07:50 AM
#7
It means that Harmony, Wink, Elrond and so on will not be delisted but only there will be less pairs to trade? That is not a problem definetely because you can switch between BTC and USD instantly Smiley.
member
Activity: 840
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PG-PAY Gold Backed Token
September 30, 2019, 06:04:08 AM
#6
I personally think this is a very nice initiative from Binance. Time to time clean up is absolutely necessary. Why wasting platform with non performing assets. Instead give opportunity to new ones which might shine.
full member
Activity: 434
Merit: 110
September 30, 2019, 05:57:32 AM
#5
They have a good point and I think it is a good idea so there will be more opportunities to traders because some pairs are really just a waste because few people use it to trade.
member
Activity: 742
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September 30, 2019, 05:52:01 AM
#4
Those trading pairs have low volume right now. That's why binance has decided to delist those trading pairs. I think this is not a bad dession. Because binance is one of the top exchange in the crypto market. They are improving the quality of the exchange. The next thing is other binance listed coin's projects are work and update day by day to get more volume of their coins.
legendary
Activity: 2114
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https://bitcoincleanup.com/
September 30, 2019, 05:42:17 AM
#3
If you are someone who owns an exchange platform, it would make sense to remove pairings that does not generate enough volume. Why maintain something that is no longer beneficial to the platform? It should not be a problem for the affected pairings also. I believe they still have the option to request again once there is consistent demand for another pairing.
legendary
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Merit: 1029
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September 30, 2019, 04:26:40 AM
#2
Let's put this one the main aims of the team.
Those teams were creating such request to binance to do that and in my understand if those coins are facing a big problem due to the decrease of the daily trade volume. The teams are thinking if they can put only in a few trading pair and there will be a chance to build good liquidity in the market.

Remember about the various kind of trading pairs will be dividing the total volume into the small parts.

That's why even ERD and bittorrent created such request for binance.
To make the trade volume becomes centralized and those projects hope if this will increase the liquidity.

They are aware about the possibility of big spread that will be created due to the low daily trade volume and big spread between buying and selling order. In that situation, the token can be dumped easily.
member
Activity: 504
Merit: 25
September 30, 2019, 03:37:27 AM
#1
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
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