Why Binance exchange delisting the crytop currencies and the sport trade pairs

Antotena

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Quote from: Adbitco on December 20, 2023, 05:30:30 PM

This has been their ways of operation for years now and I don't think they will change for any reason since most of the currencies listed in there trading platform hardly meet up their targets, mostly what causes them to act strictly on their exchange is to make sure that users funds are secured instead of seeing a massive dump on holders in their custody they mostly decide to delist them before any bad effect affect traders to enable them still maintain their prestige since their exchange is the number one digital currency exchange globally.

I'm not sure for now but Binance have their criteria before listing a coin and volume is one the key they test before bringing a new coin on the exchange, if after listing th coin and it failed to have volume, they have the right to take action on such pair which I think is often attached to email sent to the project and I think there use to be warning to the team before these happen just incase they have anything to increase the interest of investors in other to boost the volume but if they later fail to meet up, they will take action and delist.

Teams actions are also part of the reason why trading pairs can be delisted like if they find out that the team is a scam or have been acused of scam of any sort that can harm the investors, they have the right to take action to delist. They can also delist if pair is having issues with the law enforcement like the way SEC is hunting some projects been security and many more.

Adbitco

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This has been their ways of operation for years now and I don't think they will change for any reason since most of the currencies listed in there trading platform hardly meet up their targets, mostly what causes them to act strictly on their exchange is to make sure that users funds are secured instead of seeing a massive dump on holders in their custody they mostly decide to delist them before any bad effect affect traders to enable them still maintain their prestige since their exchange is the number one digital currency exchange globally.

South Park

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Quote from: Smack That Ace on December 13, 2023, 11:41:04 PM

Quote from: South Park on December 13, 2023, 04:35:44 PM

This is most likely the reason the OP is not happy with the decision of Binance, because in the end we know that this is something that exchanges do all the time, they simply delist the assets they think are not bringing them enough profit, now if binance announced that they were going to delist bitcoin or ethereum then that will be a completely different matter, and all kind of conspiracy theories would emerge under that scenario, not that I think it is possible, mind you.

Binance's delisting of some coins is similar to our removal of some projects that we feel are no longer profitable for us. This is completely normal, I wonder why the OP feels uncomfortable with it. We are all here for profit and exchanges are just like us, is OP willing to hold useless projects in his portfolio? If not, he shouldn't be sad because Binance did it and this has been going on for many years and is not new. But one thing, many exchanges are also doing it every day, but why does OP only mention and criticize Binance?

The simplest explanation is that they were affected by this move and they are not happy about it, and while it is something I can get as no one likes to lose money, at the same time we cannot take those kind of moves as personal either, because as you mention binance is also interested in making profits, and if a set of coins are not producing the volume they expected, it is acceptable they decide to take the decision to cut their losses short and delist those coins.

bettercrypto

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If they are delisting tokens, maybe they have not met the quota they need for volume on Binance. Now, if you think it's just not on the exchange despite the issues it's faced, that doesn't mean Binance is ignoring it.

That's not the case, and one more thing: the cases that Binance has faced with the issues you're talking about with their delisted tokens or coins on their platform exchange are a different matter. And there probably aren't that many people doing trading activity on their platform, so it had to be removed from their lists.

Smack That Ace

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Quote from: South Park on December 13, 2023, 04:35:44 PM

Quote from: jaberwock on December 10, 2023, 02:26:55 PM

Quote from: kotajikikox on December 06, 2023, 07:23:30 PM

I don't know why OP seems to not understand this system of Exchange ? that they have the rights to delists whatever coins/tokens they think or seen to not worth being in their exchange.
as they are given notice before the delisting so nothing they can do , though they can always file for listing again just prove the exchange that they are worth being listed .

I think he does understand it. He even included a reason of the deletion. The only reason on why he asked this question is because he thinks there is something that Binance is hiding to us. He mentioned the current issue Binance is facing right now against SEC and he thinks Binance should give an exception to those said coin pairs because of it but no they didn't do it. It only shows that even at the end or no matter what happens, they are always committed on their service and always ensure that they can stick on their rules. That's great actually OP and besides, those coins are nothing anyway compared to the top coins. But I think you are triggered because you have invested on them. Aren't you?

This is most likely the reason the OP is not happy with the decision of Binance, because in the end we know that this is something that exchanges do all the time, they simply delist the assets they think are not bringing them enough profit, now if binance announced that they were going to delist bitcoin or ethereum then that will be a completely different matter, and all kind of conspiracy theories would emerge under that scenario, not that I think it is possible, mind you.

Binance's delisting of some coins is similar to our removal of some projects that we feel are no longer profitable for us. This is completely normal, I wonder why the OP feels uncomfortable with it. We are all here for profit and exchanges are just like us, is OP willing to hold useless projects in his portfolio? If not, he shouldn't be sad because Binance did it and this has been going on for many years and is not new. But one thing, many exchanges are also doing it every day, but why does OP only mention and criticize Binance?

cakravothy

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Quote from: EluguHcman on November 28, 2023, 10:45:19 AM

Can someone who is more technical tell about what is going on with Binance the cryptocurrencies exchange?
Just as they were faced with some criminal issues, they have been taking whole lot of elimination actions of delisting over ten sport trades in their marketplaces as at last week with undefined relatable reasons.
Now they are set to delisot BTS/USDT, WTC/BTC, PERL/USDT, WTC/USDT and others out of their marketplaces by the Dec-7th-2023 with the reasons that it is a caused of the digital currencies being unable to meet up with its tasks and poor level of operations.

What I don't understand is that why are they taking this actions at this time even as they faces this high level of criminal case which was to tanish their reputation?

Is there something technical that is not Worth publicly exposed/expressed?

Why don't they feel the guilt of losing the affiliated clients that was to profit them as they delisted them above?

Are they just realizing the inabilities, insecured and the poor possessions of the delisted industry just of recent? Or they have been on track before these days?

I am curious to understand this because I leans my Bitcoins to the Binance crytop currency exchange.
https://cryptopotato.com/important-binance-will-delist-the-following-cryptocurrencies-on-december-7th/

the firts reason volume trade is very low
only few member is always trading, bad coin, coin founder not competent carrying away money after selling a lot of coins so binance coin delist to protect members from severe loss

Fundamentals Of

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Binance has been delisting coins and trading pairs every now and then. This is not new to them. They have been doing this for a long time already, so this is not in any way related to the cases they are currently facing. There are various reasons for them doing this. Other than the obvious lack or very low level of activity, volume, liquidity, etc. there are also other reasons such as if the project has turned out to be a scam or if it has been left unattended, etc.

South Park

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Quote from: jaberwock on December 10, 2023, 02:26:55 PM

Quote from: kotajikikox on December 06, 2023, 07:23:30 PM

I don't know why OP seems to not understand this system of Exchange ? that they have the rights to delists whatever coins/tokens they think or seen to not worth being in their exchange.
as they are given notice before the delisting so nothing they can do , though they can always file for listing again just prove the exchange that they are worth being listed .

I think he does understand it. He even included a reason of the deletion. The only reason on why he asked this question is because he thinks there is something that Binance is hiding to us. He mentioned the current issue Binance is facing right now against SEC and he thinks Binance should give an exception to those said coin pairs because of it but no they didn't do it. It only shows that even at the end or no matter what happens, they are always committed on their service and always ensure that they can stick on their rules. That's great actually OP and besides, those coins are nothing anyway compared to the top coins. But I think you are triggered because you have invested on them. Aren't you?

This is most likely the reason the OP is not happy with the decision of Binance, because in the end we know that this is something that exchanges do all the time, they simply delist the assets they think are not bringing them enough profit, now if binance announced that they were going to delist bitcoin or ethereum then that will be a completely different matter, and all kind of conspiracy theories would emerge under that scenario, not that I think it is possible, mind you.

bitterguy28

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Quote from: EluguHcman on November 28, 2023, 10:45:19 AM

What I don't understand is that why are they taking this actions at this time even as they faces this high level of criminal case which was to tanish their reputation?

Is there something technical that is not Worth publicly exposed/expressed?

Not sure why of all currencies and tokens that had been delisted from binance you are curious about these sets? are you using them for trading or staking?
what I do believe is the exchange has all the rights to List and delists projects but with formal notice and reason of course.

this will not tarnish their reputation instead this shows how their team working to make the exchange great again.

Quote

Why don't they feel the guilt of losing the affiliated clients that was to profit them as they delisted them above?

Binance exchange is a Huge business , I don't know what they need to feel guilt in something they have decided that will help theor company grow and profit more?

jaberwock

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Quote from: kotajikikox on December 06, 2023, 07:23:30 PM

I don't know why OP seems to not understand this system of Exchange ? that they have the rights to delists whatever coins/tokens they think or seen to not worth being in their exchange.
as they are given notice before the delisting so nothing they can do , though they can always file for listing again just prove the exchange that they are worth being listed .

I think he does understand it. He even included a reason of the deletion. The only reason on why he asked this question is because he thinks there is something that Binance is hiding to us. He mentioned the current issue Binance is facing right now against SEC and he thinks Binance should give an exception to those said coin pairs because of it but no they didn't do it. It only shows that even at the end or no matter what happens, they are always committed on their service and always ensure that they can stick on their rules. That's great actually OP and besides, those coins are nothing anyway compared to the top coins. But I think you are triggered because you have invested on them. Aren't you?

huu78

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Quote from: Aanuoluwatofunmi on November 28, 2023, 12:21:34 PM

I addition to what you have said, i think there was an announcement made already concerning their actions before they started it, do some were well aware that some certain coins will be delisted, what we should make sure we do is to investigate well in any cryptocurrency we are going for and make our research properly before choosing anyone, then after investing, we should take our asset off the exchange to a personal wallet which is a non custodial wallet, in doing this, we are free from any form of dramas that may be happening.

I think the coins delisted by Binance no longer have high volume and the project is no longer popular, Binance always provides notification before delisting.
So people should always monitor their notifications.

KiaKia

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I am not surprised, if you have been around for years you should know that Binance and Kucoin exchange always delists coins and tokens from their platform and I believe that's because they lack enough trading volume, which shows that many investors are not buying them or trading them, this has nothing to do with CZ stepping down as the exchange CEO.

This have been going on for a long time and almost every crypto exchanges do it, either big or small, they delist less performing coins from their exchanges, some projects don't ever come back after a while, that's the problem with alternative cryptocurrencies, they can stop to active anytime, this is why they are high risk investments.

G_Besar

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Quote from: kotajikikox on December 06, 2023, 07:23:30 PM

I don't know why OP seems to not understand this system of Exchange ? that they have the rights to delists whatever coins/tokens they think or seen to not worth being in their exchange.
as they are given notice before the delisting so nothing they can do , though they can always file for listing again just prove the exchange that they are worth being listed .

I also feel surprised that the OP doesn't understand the market, even though the OP himself or anyone else can see examples of things like that nearby or around him by looking at market owners who don't put unsold goods into their sales stalls. Because it will only take up space and keep your money from circulating and you will have to throw it away when it is rotten.

Likewise with the conditions in the crypto market where market owners have very naturally removed coins and tokens that are not selling or have died without any interest on the market list. Because this does not benefit the market owner at all and only makes it a useless collection of rubbish in the market, it is clear that this does not need to be understood in a complicated way because it is what the market should do.

TimeTeller

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Quote from: Vaskiy on December 07, 2023, 06:41:28 PM

Binance had notified users regarding the delisting. Same time the BUSD is getting conversion to FUSD. It looks like kind of marketing plans and I'm not sure of it. Lets wait and see as they've provided detailed schedule on delisting of trading pairs along with BUSD as well as requested users to convert to other assets or it gets automatically converted to FUSD on 1:1 ratio after the specified time period.

I think this is just normal action of a crypto exchange if they are seeing some disadvantages on their end.
So long they are informing their users and not just implementing the delisting of a particular pair without the knowledge of their traders.
Definitely, they are seeing some valid reasons not to continue its trading, it may be operational expenses, low trading volume among others.

Vaskiy

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Binance had notified users regarding the delisting. Same time the BUSD is getting conversion to FUSD. It looks like kind of marketing plans and I'm not sure of it. Lets wait and see as they've provided detailed schedule on delisting of trading pairs along with BUSD as well as requested users to convert to other assets or it gets automatically converted to FUSD on 1:1 ratio after the specified time period.

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Quote from: kotajikikox on December 06, 2023, 07:23:30 PM

Quote from: Pursuer on November 28, 2023, 09:16:22 PM

if you go to each of those markets on Binance or even on Coinmarketcap you can see that these coins don't have enough volume to be considered profitable from the exchange's point of view.
for example if you change the time steps in the https://coinmarketcap.com/currencies/bitshares/ page to 1 month you can see that excluding the recent dump of BTS, it was pretty much a dead market with little to no volume. and the recent dump is obviously caused by this news and people are panic selling this shitcoin to get rid of it prior to the delisting.
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I don't know why OP seems to not understand this system of Exchange ? that they have the rights to delists whatever coins/tokens they think or seen to not worth being in their exchange.
as they are given notice before the delisting so nothing they can do , though they can always file for listing again just prove the exchange that they are worth being listed .

Not everyone would really be all knowing on which means that there would be those people who would really be just simply be able to skip out on things on which they do really believe that it is really just that on that way without any valid reason or some sort. They do really just that simply trying out to make some questions instead on trying to look for those answers using up their own common sense but well asking in the community
wont really be that bad either but honestly if you do really just simply understand on how business works then you would be able to find out that it would be normal that these platforms would really be
removing into those projects who dont have volume and would be replacing for another one which does have tons. Making money is always been the main priority and it is really normal that
they would really be doing such step as a business then it would be a common approach.

Delisting and listing then it would really be just that an endless cycle because these platforms do need to make some revenue so it is really just that right that they
will really be putting up those kind of system for a certain duration period.

kotajikikox

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Quote from: Pursuer on November 28, 2023, 09:16:22 PM

if you go to each of those markets on Binance or even on Coinmarketcap you can see that these coins don't have enough volume to be considered profitable from the exchange's point of view.
for example if you change the time steps in the https://coinmarketcap.com/currencies/bitshares/ page to 1 month you can see that excluding the recent dump of BTS, it was pretty much a dead market with little to no volume. and the recent dump is obviously caused by this news and people are panic selling this shitcoin to get rid of it prior to the delisting.

I don't know why OP seems to not understand this system of Exchange ? that they have the rights to delists whatever coins/tokens they think or seen to not worth being in their exchange.
as they are given notice before the delisting so nothing they can do , though they can always file for listing again just prove the exchange that they are worth being listed .

South Park

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Quote from: arjunmujay on December 02, 2023, 08:08:56 AM

actually delisting is familiar, just like other exchanges, binance also has their own rules and standards to be displayed on their market. and I believe binance does this not without deep reasons. it could be in terms of the security level of a coin or token, its liquidity and the commitment of the project team, and so on.
so it's not because of the influence of the recent news about binance

Regardless of the reasons binance may have had to do this, those which invest in altcoins need to always be ready for those kind of changes to take place, the owners of exchanges care not about the investors behind those coins, they care only about their own profits and if a coin is not presenting enough volume or for some reason it has become too problematic to keep it listed then they will get rid of it, it is that simple, and if that is the case those holding that altcoin need to have a plan to deal with that situation, as it is not rare for a significant drop to happen once that kind of announcement is made by an exchange.

arjunmujay

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actually delisting is familiar, just like other exchanges, binance also has their own rules and standards to be displayed on their market. and I believe binance does this not without deep reasons. it could be in terms of the security level of a coin or token, its liquidity and the commitment of the project team, and so on.
so it's not because of the influence of the recent news about binance

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Quote from: Strongkored on December 01, 2023, 01:23:06 AM

Usually, the main reason is low trading volume which does not provide any profit to the exchange or also problems in the development of the coin such as developers who are no longer active so the coin is like a dead coin so Binance delists it to protect their users and also to make their exchange profitable by listing other coins that have the potential to bring in more money from trading that coin, and there is nothing strange about the delisting. All exchanges will do the same thing when there are coins whose trading activities do not provide profits to their exchange business.

As for business then it would be normal that they would really be putting focus and priority into those projects or coins that do generate out volume because we know that volume = money. If things turns out to be non beneficial then this is where they would really be starting on to remove on things which are needed to be remove to be replaced by something which it could really make them money as simple as that.
Just like on what others been saying that despite of the current situations and issues that they are facing then the business must go on and make some money. Issues something like this could really be just that simply be forgotten.What matter most is on how they do make out that money and keeps on doing that. They would really be filling out those vacant spots directly whenever they are delisting one.
The cycle or system goes on and we know that getting listed on a known or number 1 exchange isnt something that so simple if we do speak about requirement and qualification.
Listed on Binance is never been simple for any project out there. It do really just turns out that there are projects which dont make it or didnt really get that attention or recognition.

Topic: Why Binance exchange delisting the crytop currencies and the sport trade pairs (Read 343 times)