Binance Notice of Removal of Trading Pairs

yangongear

full member

Activity: 447

Merit: 100

Quote from: EdenHazard on October 01, 2019, 04:42:42 PM

I've got similar answer when I was attending the binance meetup few months ago .. it's indeed they want a better quality market volume and instead having too much pair with those new stable coins, they choose usdt as the main focus.

I don't know if they have some 'under table' deal with tether ltd. I won't make any wild speculation here, I don't want to Grin

It's also confusing for the newcomers when there a lot of similar usd stable coin pairs like usdt, tusd, usdc etc. Not really effective to trade with such low volume.. as the volume is separated and for me personally it's hard to take an opportunity to make some profit when there's a low volume.

Yes the problem here is almost new traders just know about USDT as a stable coin, when they first learned about it. They will only use USDT pair for trading, that's why the other stable coins doesn't have volume.

Emperor of Man

hero member

Activity: 886

Merit: 510

I think NPXS team had an announcement that said they have known and agreed to this change, which is being performed to bring liquidity to the remaining pairs and all that.

But people do talk, and one of the believable theories is that binance didn't want any BTC pair over there to go to 1 satoshi (or less).

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Quote from: electronicash on September 30, 2019, 12:29:10 AM

for what i understood they will only delist the pair not the coin right?

That's what it looks like to me, and if true it isn't really a big deal. None of those coins are being delisted, and there probably wasn't much trading with those pairs anyway. It's a non issue.

Quote from: EdenHazard on October 01, 2019, 04:42:42 PM

I don't know if they have some 'under table' deal with tether ltd. I won't make any wild speculation here, I don't want to Grin

It's also confusing for the newcomers when there a lot of similar usd stable coin pairs like usdt, tusd, usdc etc. Not really effective to trade with such low volume.. as the volume is separated and for me personally it's hard to take an opportunity to make some profit when there's a low volume.

Not likely that they have some sort of nefarious deal behind the scenes, but I would never rule it out. Binance is one of the few legitimate exchanges out there and I think they're governmentally regulated and thus would want to comply with the rules. I have never used a stablecoin but I suppose if I had to, it would be USDT. It doesn't matter how many there are, and it really isn't confusing even to a newcomer.

Binance was great when I was able to use it without going through the KYC process (live in the US). I gained even more confidence in them after they survived that 7000BTC hack. Let 'em delist pairs all they like, because you can still trade the coins even though it might be a little more inconvenient.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: posi on October 01, 2019, 12:06:44 PM

Quote from: MI6 on September 30, 2019, 01:27:25 AM

I think delisted coin is not a surprise. Coins that not have volume for long time or maybe blockchain error and make it die, usually delisted. I think it is good, maybe with delisted some coins means Binance will have space to listed new coins. I think out there a lot of coins is valuable to get better exchanges like Binance and other exchanges. So, not surprised me when an exchange delisted coins pair.

Every exchange site have there own listing rules and regulations once the coin listed team broke their part of the deal and warn about it but didnt make an amendment the next thing is delisting. Therefore, trade volume level or Blockchain error are not the factors which lead to an exchange delisting

That's gonna be the reason behind, there's sets of rulings which every coins that's listed inside the exchange needs to comply, breaking or missing the rule will result being delisted. The team's needed to follow whatever the exchange wanted to implement insides their platform, anything that don't have any good volumes will be replaced.
Binance is a business and they will find those profitable pairs to stay and provide space for newcomers after removing the other non workable ones.

Kemarit

legendary

Activity: 3080

Merit: 1353

Perhaps it has something to do with the BTI reports for the month of September.

(http://www.bti.live/Binance-exchange/)

some example, BTT/BNB, volume = %0.02
DENT/BTC, volume = 0.07
WIN/BTC, volume = %0.02

Maybe they wanted to see more liquidity on those coins, unfortunately they deem it's not enough so they de-list it. Or it could be that some coins are under the suspicion of being manipulated from behind, it could affect their record on the block transparency report. It doesn't matter how much fees they require in the beginning, it's how this coins performed on their platform.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: yangongear on October 01, 2019, 11:54:46 AM

Quote from: exstasie on September 30, 2019, 03:41:33 AM

Quote from: electronicash on September 30, 2019, 12:29:10 AM

for what i understood they will only delist the pair not the coin right?

Correct, most of the removals are stablecoin markets. Bad sign for USDC, PAX, and TUSD. Tether continues to dominate.

It's a bit weird seeing them remove BTC base pairs (for BTT, DENT, WIN) but it looks like every coin mentioned will still have some listing on Binance.

They just want to focus on trading volume and liquidity for better trading pairs, rather than having to split them into many different trading pairs. This will not affect that project.

I've got similar answer when I was attending the binance meetup few months ago .. it's indeed they want a better quality market volume and instead having too much pair with those new stable coins, they choose usdt as the main focus.

I don't know if they have some 'under table' deal with tether ltd. I won't make any wild speculation here, I don't want to Grin

It's also confusing for the newcomers when there a lot of similar usd stable coin pairs like usdt, tusd, usdc etc. Not really effective to trade with such low volume.. as the volume is separated and for me personally it's hard to take an opportunity to make some profit when there's a low volume.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: MI6 on September 30, 2019, 01:27:25 AM

I think delisted coin is not a surprise. Coins that not have volume for long time or maybe blockchain error and make it die, usually delisted. I think it is good, maybe with delisted some coins means Binance will have space to listed new coins. I think out there a lot of coins is valuable to get better exchanges like Binance and other exchanges. So, not surprised me when an exchange delisted coins pair.

Every exchange site have there own listing rules and regulations once the coin listed team broke their part of the deal and warn about it but didnt make an amendment the next thing is delisting. Therefore, trade volume level or Blockchain error are not the factors which lead to an exchange delisting

yangongear

full member

Activity: 447

Merit: 100

Quote from: exstasie on September 30, 2019, 03:41:33 AM

Quote from: electronicash on September 30, 2019, 12:29:10 AM

for what i understood they will only delist the pair not the coin right?

Correct, most of the removals are stablecoin markets. Bad sign for USDC, PAX, and TUSD. Tether continues to dominate.

It's a bit weird seeing them remove BTC base pairs (for BTT, DENT, WIN) but it looks like every coin mentioned will still have some listing on Binance.

They just want to focus on trading volume and liquidity for better trading pairs, rather than having to split them into many different trading pairs. This will not affect that project.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: 1Referee on September 30, 2019, 06:23:03 AM

Quote from: Coin_trader on September 30, 2019, 01:19:47 AM

Yep so far, there is no regulated exchange in crypto space, But soon there will be, I don't want to drop name but there is some exchange working on acquiring a license which guarantees fair trading for all traders. No-wash trading from the bot and fake pump and dumps. I believe that this unregulated exchange will be extinct soon. Check out fun facts below;

Coinbase is the most regulated exchange in the space. It has been that for quite a while now. We also have Bakkt. This however doesn't mean that there won't be any wash trading. It happens everywhere, but the difference is that if done wisely, it's hard to spot, and even harder to actually prove.

In what regulation are you pertaining? We are discussing here the approval of SEC. As far as I know, Coinbase has an ongoing application on SEC but not yet approved. Yes they have regulatory compliance on the jurisdiction of their base location but still, they need to register as a licensed brokerage on SEC. I'm a bit off on the news about their progress. Can you provide a link for your claim?

----
About bakkt, Bakkt only offers only BTC and we are discussing here crypto currency in general, But you are correct that Bakkt is a regulated exchange for "BTC".

Quote from: 1Referee on September 30, 2019, 06:23:03 AM

Also, why don't you want to drop that exchange's name?

Because they are still on the process of acquiring it. You know how regulators work like a turtle and I don't wanna hype anyone here. Once confirmed, I will let you know personally via PM mate. Cheesy

Chiyoko

member

Activity: 305

Merit: 10

CryptoTalk.Org - Get Paid for every Post!

Quote from: MonsterV on September 30, 2019, 06:40:17 AM

Quote from: NathanJB on September 30, 2019, 04:49:59 AM

Quote from: Coin_trader on September 30, 2019, 03:34:00 AM

~snipp

What do you mean collateral damage? Is there such a thing? If the basis is trading volume, then that means the numbers are the only consideration. If a pair has a good trading volume as per the standard of Binance, no way will it be delisted. If a pair has a very low trading volume, then it will be delisted regardless of whether it is paying a monthly fee or not. Binance is the leading exchange for now, it needs to set a high standard of liquidity and it will not stain its reputation for the sake of some fees from the token owners.

In my opinion this is not a matter of trading volume because some of coins removed have a high volume. Well I think binance has a problem with developers as mentioned above (monthly fees), but here I also don't understand if the problem is monthly fees. It is not possible for a coin developer unable to pay monthly fees at binance because some of them are top coins.

Its actually depends how much is the monthly Fees. not all of them can continue to pay since other use their money for future development of thier project . at first i though as long as you have a good community supporting the project there will not have a problem in binance , its looks like they are making it more strictly now .

MonsterV

legendary

Activity: 2212

Merit: 1008

Quote from: NathanJB on September 30, 2019, 04:49:59 AM

Quote from: Coin_trader on September 30, 2019, 03:34:00 AM

~snipp

What do you mean collateral damage? Is there such a thing? If the basis is trading volume, then that means the numbers are the only consideration. If a pair has a good trading volume as per the standard of Binance, no way will it be delisted. If a pair has a very low trading volume, then it will be delisted regardless of whether it is paying a monthly fee or not. Binance is the leading exchange for now, it needs to set a high standard of liquidity and it will not stain its reputation for the sake of some fees from the token owners.

In my opinion this is not a matter of trading volume because some of coins removed have a high volume. Well I think binance has a problem with developers as mentioned above (monthly fees), but here I also don't understand if the problem is monthly fees. It is not possible for a coin developer unable to pay monthly fees at binance because some of them are top coins.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Coin_trader on September 30, 2019, 01:19:47 AM

Yep so far, there is no regulated exchange in crypto space, But soon there will be, I don't want to drop name but there is some exchange working on acquiring a license which guarantees fair trading for all traders. No-wash trading from the bot and fake pump and dumps. I believe that this unregulated exchange will be extinct soon. Check out fun facts below;

Coinbase is the most regulated exchange in the space. It has been that for quite a while now. We also have Bakkt. This however doesn't mean that there won't be any wash trading. It happens everywhere, but the difference is that if done wisely, it's hard to spot, and even harder to actually prove.

The Asian exchanges that generate like $500 million in volume every day don't put any effort into obfuscation of their wash trading maneuvers. If you think about it, why would they? The noobs who they attract through index sites such as CMC don't get to read any of these reports. They're a deer in the headlights.

Also, why don't you want to drop that exchange's name?

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: NathanJB on September 30, 2019, 04:49:59 AM

Quote from: Coin_trader on September 30, 2019, 03:34:00 AM

Quote from: NathanJB on September 30, 2019, 03:20:10 AM

Quote from: ScamViruS on September 30, 2019, 12:21:24 AM

So what was needed to list? Sometimes I don't think, what does this binance really want?

Quote

snip

snip-

snip-

---

This is just a rumor but the delisting main target is BTT/BTC pairs, other tokens is just a collateral damage. Cheesy

What do you mean collateral damage? Is there such a thing? If the basis is trading volume, then that means the numbers are the only consideration. If a pair has a good trading volume as per the standard of Binance, no way will it be delisted. If a pair has a very low trading volume, then it will be delisted regardless of whether it is paying a monthly fee or not. Binance is the leading exchange for now, it needs to set a high standard of liquidity and it will not stain its reputation for the sake of some fees from the token owners.

And if your source is some discussion in Telegram, its reliability is in big question.

Also, low financial projects will normally settle with other cheap exchanges, not the top one. Binance has the right to charge high.

Are you aware of what's really going on in crypto space especially on a shit project that currently in the spotlight? I believe you are not aware about whats going on Bittorent and Binance so I highly suggest browsing some few posts from crypto analyst on twitter. It's fun rather than just browsing out here and see same old shit post. But you can refer on this guy tweets: https://twitter.com/cryptodonalt/status/1178574630719807488?s=21 .Follow him since he is knowledgeable in crypto. He is not a financial advisor but he is good on crypto analyst, One of my favorite e.

Quote from: NathanJB on September 30, 2019, 04:49:59 AM

then it will be delisted regardless of whether it is paying a monthly fee or not

Regarding this, Do you have any experience on listing a token to an exchange? Or this is just your opinion? If yes then we can discuss on PM, If no then nevermind since it is non-disclosure agreement.

electronicash

legendary

Activity: 3178

Merit: 1054

Quote from: exstasie on September 30, 2019, 03:41:33 AM

Quote from: electronicash on September 30, 2019, 12:29:10 AM

for what i understood they will only delist the pair not the coin right?

Correct, most of the removals are stablecoin markets. Bad sign for USDC, PAX, and TUSD. Tether continues to dominate.

It's a bit weird seeing them remove BTC base pairs (for BTT, DENT, WIN) but it looks like every coin mentioned will still have some listing on Binance.

DENT has a very high volume as far as i can remember, this token were one of the project sought to have great value since its useful in mobile users. and same with that BTT which binance itself did the IEO. so they are now in quarrel with the dev team? CZ could be twitting hours later for its reason, prices had dip to 19% already after this thread was posted.

Quote from: jhenfelipe on September 30, 2019, 01:08:38 AM

Quote from: electronicash on September 30, 2019, 12:29:10 AM

it was said in the news that binance will be closed for 12 months?

Take a look at who said it and does he have an ulterior motive?

yep (BSV) supporter. not surprise at all after them delisting their cash cow.

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: Coin_trader on September 30, 2019, 03:34:00 AM

Quote from: NathanJB on September 30, 2019, 03:20:10 AM

Quote from: ScamViruS on September 30, 2019, 12:21:24 AM

So what was needed to list? Sometimes I don't think, what does this binance really want?

Quote

snip

But in the case of these specific delisted pairs, it is clearly noted that it is as per request of the project teams themselves and not because Binance decided to delist them.

Answering this, I will spoil sa facts about trading on binance. Binance will require that a token must maintain to a safe level of trading volume in able to keep the token listed and according to what I heard on some discussion in telegram, There is a monthly fee that charged to token owner. So basically low financial project will never gonna sustain the listing fee.

---

This is just a rumor but the delisting main target is BTT/BTC pairs, other tokens is just a collateral damage. Cheesy

What do you mean collateral damage? Is there such a thing? If the basis is trading volume, then that means the numbers are the only consideration. If a pair has a good trading volume as per the standard of Binance, no way will it be delisted. If a pair has a very low trading volume, then it will be delisted regardless of whether it is paying a monthly fee or not. Binance is the leading exchange for now, it needs to set a high standard of liquidity and it will not stain its reputation for the sake of some fees from the token owners.

And if your source is some discussion in Telegram, its reliability is in big question.

Also, low financial projects will normally settle with other cheap exchanges, not the top one. Binance has the right to charge high.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: electronicash on September 30, 2019, 12:29:10 AM

for what i understood they will only delist the pair not the coin right?

Correct, most of the removals are stablecoin markets. Bad sign for USDC, PAX, and TUSD. Tether continues to dominate.

It's a bit weird seeing them remove BTC base pairs (for BTT, DENT, WIN) but it looks like every coin mentioned will still have some listing on Binance.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: NathanJB on September 30, 2019, 03:20:10 AM

Quote from: ScamViruS on September 30, 2019, 12:21:24 AM

So what was needed to list? Sometimes I don't think, what does this binance really want?

Quote

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.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high quality coins, but will not be responsible for your trading losses.

Thanks for your support!

Binance Team

2019/09/30

But in the case of these specific delisted pairs, it is clearly noted that it is as per request of the project teams themselves and not because Binance decided to delist them.

Answering this, I will spoil the facts about trading on binance. Binance will require that a token must maintain to a safe level of trading volume in able to keep the token listed and according to what I heard on some discussion in telegram, There is a monthly fee that charged to token owner. So basically low financial project will never gonna sustain the listing fee.

---

This is just a rumor but the delisting main target is BTT/BTC pairs, other tokens is just a collateral damage. Cheesy

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: ScamViruS on September 30, 2019, 12:21:24 AM

So what was needed to list? Sometimes I don't think, what does this binance really want?

Quote

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.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high quality coins, but will not be responsible for your trading losses.

Thanks for your support!

Binance Team

2019/09/30

The keyword here is liquidity. This must have something to do with volume therefore. So what is needed in terms of pair listing is a decent volume. As to how much is a decent volume. That is totally up to Binance's terms. But in the case of these specific delisted pairs, it is clearly noted that it is as per request of the project teams themselves and not because Binance decided to delist them.

When I look at the trading pairs, I can say that there must be low volumes to them because the pairs are not that popular. I can only see a couple of pairs with BTC, a couple of ETH, and one BNB. The rest are pretty much unpopular trading pairs.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: ScamViruS on September 30, 2019, 01:52:37 AM

Quote from: Coin_trader on September 30, 2019, 01:19:47 AM

Quote from: ScamViruS on September 30, 2019, 01:13:58 AM

Quote from: Coin_trader on September 30, 2019, 12:45:24 AM

I belive binance don't fckn care about the project background itself since I can see some shit project that still listed there.

I saw the same thing.I saw a lot of ieo projects that were common and seemed to be repeating.
However, no exchange should be trusted in crypto.

Yep so far, there is no regulated exchange in crypto space, But soon there will be, I don't want to drop name but there is some exchange working on acquiring a license which guarantees fair trading for all traders. No-wash trading from the bot and fake pump and dumps. I believe that this unregulated exchange will be extinct soon. Check out fun facts below;

Look at the trading volumes of Binance branches and you will see their problem (source: nomics daily view)
Binance Standard 650m

Binance Jersey: 0.13m (should be a bit regulated as they deal with fiat)

Binance dex: 0.6m

Binance US: 1.9m!!! In the biggest crypto market with 28 pairs trading...that would I call not really successful. And here faking volumes is much more difficult and risky than their altcoin shitshow.

Grin

They are now looking for market makers.They are willing to give them the maximum benefit. Don't know what's going on! Only binance can tell what's going on.
https://www.binance.com/en/support/articles/360034573691

Quote

As we strive to improve our services for users as well as bring more liquidity to our exchange, Binance is now looking for Market Markers globally. We wish to invite top-tier liquidity providers to our Binance.com Market Maker Program.

If your 30-day trading volumes exceed 1,000 BTC (or can achieve volumes of 1,000 BTC), and have quality market maker strategies, you can immediately join our Market Maker Program. Market Makers can enjoy trading fee reductions, as well as higher API limits.

I believe that they are slowly removing their fake volumes and change with the organic one. This is just my opinion but I think they are working to become fully compliance exchange, They are constantly moving their headquarters in different country to avoid a lawsuit for being unregulated exchange with high trading volume and they are smart enough to go to the right direction while they are still at there prime with fake volumes. Besides that, They are doing regular trading contest whenever a new coin is listed. This is the sign that there aiming to have an organic volume by using organic transaction from traders that participating in the contest.

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

Quote from: Coin_trader on September 30, 2019, 01:19:47 AM

Quote from: ScamViruS on September 30, 2019, 01:13:58 AM

Quote from: Coin_trader on September 30, 2019, 12:45:24 AM

I belive binance don't fckn care about the project background itself since I can see some shit project that still listed there.

I saw the same thing.I saw a lot of ieo projects that were common and seemed to be repeating.
However, no exchange should be trusted in crypto.

Yep so far, there is no regulated exchange in crypto space, But soon there will be, I don't want to drop name but there is some exchange working on acquiring a license which guarantees fair trading for all traders. No-wash trading from the bot and fake pump and dumps. I believe that this unregulated exchange will be extinct soon. Check out fun facts below;

Look at the trading volumes of Binance branches and you will see their problem (source: nomics daily view)
Binance Standard 650m

Binance Jersey: 0.13m (should be a bit regulated as they deal with fiat)

Binance dex: 0.6m

Binance US: 1.9m!!! In the biggest crypto market with 28 pairs trading...that would I call not really successful. And here faking volumes is much more difficult and risky than their altcoin shitshow.

Grin

They are now looking for market makers.They are willing to give them the maximum benefit. Don't know what's going on! Only binance can tell.
https://www.binance.com/en/support/articles/360034573691

Quote

As we strive to improve our services for users as well as bring more liquidity to our exchange, Binance is now looking for Market Markers globally. We wish to invite top-tier liquidity providers to our Binance.com Market Maker Program.

If your 30-day trading volumes exceed 1,000 BTC (or can achieve volumes of 1,000 BTC), and have quality market maker strategies, you can immediately join our Market Maker Program. Market Makers can enjoy trading fee reductions, as well as higher API limits.

Topic: Binance Notice of Removal of Trading Pairs (Read 227 times)