Topic: Why Binance exchange delisting the crytop currencies and the sport trade pairs - page 2. (Read 343 times)
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does not provide any profit to the exchange or also problems in the development of the coin such as developers who are no longer active so the coin is like a dead coin so Binance delists it to protect their users and also to make their exchange profitable by listing other coins that have the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.
November 30, 2023, 05:00:58 PM
It happens quite frequently to be fair, I mean its not really going to be all that shocking to see this, feels like something that would be all that confusing, its fine. Binance is a private company and they can do whatever they want, its not really all that interesting in the end. Just realize that they are free to do whatever they want, its a private company, owned by people, and if those people want to make sure that they keep making a profit, they are free to delist anything they want, there is nothing wrong with that. I understand that if one of the pairs that they are getting rid of is something you are holding, that must feel quite terrible to you, but its way too common for them to do this.
November 30, 2023, 04:56:10 PM
Are you new to Binance? I mean these types of updates they always do. For them it doesn’t matter at all, whether any criminal case is in progress against them or not. They themselves say that, they unlist the trading pairs which have low volumes of trade or less marketcap. They even unlist the pairs which is less popular. So what’s shocking in that? They delist and add new coins which are in demand and are in trend. Why would they keep the coins with low activity in their exchange?
They have the terms and conditions for sure and if there’s a coin/token that are not performing anymore and there is no activity, then they are delisting it maybe for the purpose of decongestion and for the purpose of introducing a new token pairs. We know how strict the Binance is and how popular it is, so once you get listed in Binance they are expecting for you to increase the activity on that exchange and as a project owner you should commit on that or else all that you have paid just to get listed will be wasted and you will be delisted. that is true, there's nothing suspicious behind the delisting because that's their regular activity whenever a coin or token is not meeting their standards to be included in their active trading pairs.
just like other exchanges, they also delist inactive trading pairs. this is to lessen their operating expenses and other activities related to the maintenance of such trading pair.
November 30, 2023, 04:37:49 PM
Are you new to Binance? I mean these types of updates they always do. For them it doesn’t matter at all, whether any criminal case is in progress against them or not. They themselves say that, they unlist the trading pairs which have low volumes of trade or less marketcap. They even unlist the pairs which is less popular. So what’s shocking in that? They delist and add new coins which are in demand and are in trend. Why would they keep the coins with low activity in their exchange?
They have the terms and conditions for sure and if there’s a coin/token that are not performing anymore and there is no activity, then they are delisting it maybe for the purpose of decongestion and for the purpose of introducing a new token pairs. We know how strict the Binance is and how popular it is, so once you get listed in Binance they are expecting for you to increase the activity on that exchange and as a project owner you should commit on that or else all that you have paid just to get listed will be wasted and you will be delisted. 
November 30, 2023, 01:43:55 PM
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/
Dont know if its just me or people been seeing that you are just basically shilling out that site or what but is this your first time on seeing that Binance delist up coins?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/
Yes, they are facing up some issues now but we know that business must go on, and since there's a new CEO had been hired so it would be not shocking that operations would really be that
going back to normal or something that calls on going back to business which its never been that new or shocking.
They would normally be delisting coins on which it doesnt really have volume on which they cant really simply making money out of it, and this way they are really
opening up doors into those coins or projects which does have huge trading volume on which listing it out in replacement of those who had been delisted
which this is how business do works. So dont get shocked about it and trying out to tie those current issues that they are facing on.
November 29, 2023, 04:03:45 PM
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/
There could be many reasons for this and maybe the recent case against binance had some influence, however when there is a change in the leadership very often the person ascending as the new leader of an organization begins to make a lot of changes immediately not only as a way to show their authority and establish it this way on the minds of their employees, this is also a way to demonstrate that they have a different set of priorities than the previous leader, and that the organization itself needs to change to accommodate those new priorities. 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/
November 29, 2023, 12:53:34 PM
Are you new to Binance? I mean these types of updates they always do. For them it doesn’t matter at all, whether any criminal case is in progress against them or not. They themselves say that, they unlist the trading pairs which have low volumes of trade or less marketcap. They even unlist the pairs which is less popular. So what’s shocking in that? They delist and add new coins which are in demand and are in trend. Why would they keep the coins with low activity in their exchange?
November 29, 2023, 11:36:42 AM
Hmm, seems like it's the SEC who's enforcing them to delist the unauthorized and illegitimate securities to be delisted from the trading marketplace. Kraken exchange is also facing some kind of similar issues as Binance faced before. After whole this crisis Bianance's ecosystem was highly affected, VIP memberships, their total capitalization, etc all got hit hard.
We can also consider it as Bianc only delisted all those pairs till now with some issues such as trading volume, vesting, liquidity problems, etc. I haven't seen any top projects getting delisted from the market. Anyway, who cares if the shitcoins are getting delisted haha, as I'm not a shitcoin trader, and also not a trader on Binance.
So just chill, Enjoy.
We can also consider it as Bianc only delisted all those pairs till now with some issues such as trading volume, vesting, liquidity problems, etc. I haven't seen any top projects getting delisted from the market. Anyway, who cares if the shitcoins are getting delisted haha, as I'm not a shitcoin trader, and also not a trader on Binance.
So just chill, Enjoy.
November 29, 2023, 09:46:35 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.
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.
This isn't a technical question to need someone more technical to answer you and Binance move of dislisting those altcoins doesn't have anything to do with the recent events of criminal charges that Binance cryptocurency exchange is facing. Before they got fine they were delisting tokens already and this is because of low trading volume. Binance exchange wants to make profits therefore they're removing projects that isn't giving them profits to make space for new ones.
All attention will be pushed towards the new project that Binance will list during the bull market. Delisting those old coins will make their customers not to Invest in them but invest in the new tokens that'll have more hype and give Binance exchange more profits due to the high trading volume. Altcoins that don't have hype will have less trading volume and will be delisted from top exchanges. Other centralized exchange are delisting altcoins too that have low volume.
November 29, 2023, 05:39:43 AM
Well... I was curious and concerned about this if maybe those shitcoins were in times released of being illegitimately in operations and their inability potentials to proffer investors goals or maybe the eligibility of the shitcoins and the sport trade exchanges were exposed to undergoing any form of undependable possessions.
Maybe Binance were due to taking actions of maintaining its reputations.
Maybe Binance were due to taking actions of maintaining its reputations.
November 29, 2023, 05:16:42 AM
The logical question might be: Why did Binance list them? These shticoins are dead and are pumped out from time to time. Therefore, after a while, their trading volumes are very low, and the cost of running the servers to keep these currencies active is higher than the total circulation, so they are removed. Have you ever wondered why Binance did not remove Bitcoin or the first 100 cryptocurrencies without there being any Legal reason? They will not do this as long as there is active trading, which is not currently happening.
November 29, 2023, 05:14:29 AM
Delisting happens in all exchange mate and not only in Binance so lets not make this an issue while
Binance is facing a serious problem now not only in US but in other part of the world also, delisting coins happens
if the exchange felt like that coin isn't performing great and will be a burden for them to still hold , so the exchange
will decide to delist but there is a specific time before that happen so i think this is just another normal thing .
Binance is facing a serious problem now not only in US but in other part of the world also, delisting coins happens
if the exchange felt like that coin isn't performing great and will be a burden for them to still hold , so the exchange
will decide to delist but there is a specific time before that happen so i think this is just another normal thing .
November 29, 2023, 04:37:52 AM
Some coins have delisted from Binance regarding not raise their criteria such as low transaction volume last one month until many factor must delisted, I don't think huge problem when any coins delisting from Binance regarding available for other other exchange for selling coins have delist in Binance. I think all coins below BTS/USDT, WTC/BTC, PERL/USDT, WTC/USDT not reach Binance criteria with drop transaction volume and make them as stable coins without any interested for Binance and can't give benefit with fee trading for the exchange. When some coins become stable and dropped with transaction volume can't give benefit for the exchange listed coins with investor not interested for trading with coins have lower transaction volume.
Be warning for holder with coins have been delisted from Binance to withdraw and sell on the other exchange still have buy and sell order before the listed exchange will delist just did by Binance.
Be warning for holder with coins have been delisted from Binance to withdraw and sell on the other exchange still have buy and sell order before the listed exchange will delist just did by Binance.
November 28, 2023, 11:36:33 PM
It is not just Binance that do this. Other exchanges like Coinbase, Robinhood, have also delisted certain crypto currency pairs and one of the reasons they did it was due to regulatory concerns. Another reason which I think the delisting was for is due to the decline in trading of these pairs. I feel like they have become utterly useless and just both in the number of persons who hold them and trade them. Basically, the goal is to optimize the trading environment.
November 28, 2023, 10:48:54 PM
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.
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.
I honestly thought BitShares was a dead coin. I haven't heard news about it in several years. Waltonchain is also an old coin that had become irrelevantafter some scammy behavior. I don't know if the Tornado Cash token is associated with the mixer but Binance probably doesn't want to be associated with something that has been sanctioned by the US government. The other tokens I haven't heard of but I assume they are dying projects with very little volume.
November 28, 2023, 10:25:00 PM
Binance usually keeps delisting those coins and pair which don't meet certain criteria, I have seen Binance delisting coins when they are heavily manipulated like it did with a coin named Nebilo where the price of coin were heavily manipulated as Binance cannot afford to lose out on its reputation by having projects listed in it's exchange which are very volatile and it's prices being controlled hence they removed Nebilo and I guess same logic applies to some of these coins .
Exactly, OP seems to be trying to make it look like these two events are somehow connected but Binance has been doing this even before this AML investigation has been surfacing so basically the only explanation to this is that Binance is just doing business as usual and they can't afford to stop because their CEO was replaced because he stepped down, it's just a coincidence that there's a lot of tokens that got delisted while the issue is still at it's hottest. 
November 28, 2023, 10:04:36 PM
This is not the first time they have delisted some trading pairs, and they are not the only exchange to do this. Exchanges need to maintain their reputation and when a coin no longer meets their standards they have the right to remove it whenever they want. Why are you surprised and blame them?, why don't you blame those useless coins?
On the other hand, this has nothing to do with the trouble they are having with the SEC. If you don't like using them, you can simply delete your account and choose another exchange. This is just business and there's more to it than that, if you don't understand there's no need to be upset with them.
On the other hand, this has nothing to do with the trouble they are having with the SEC. If you don't like using them, you can simply delete your account and choose another exchange. This is just business and there's more to it than that, if you don't understand there's no need to be upset with them.
November 28, 2023, 10:01:16 PM
delisting happens not just overnight , meaning they are having advance announcement about the delisting in which
all holders and investors and also the dev must be aware and be ready what will happen sooner.
so I think this is nothing to do with what is happening inside the company and the settlement to government of US .
and also I believe that delisting comes from the performance of the said coins , because Binance will not tolerate a
not moving coins as this will only add numbers to their lists when they can put that
spot to other good performing currencies.
all holders and investors and also the dev must be aware and be ready what will happen sooner.
so I think this is nothing to do with what is happening inside the company and the settlement to government of US .
and also I believe that delisting comes from the performance of the said coins , because Binance will not tolerate a
not moving coins as this will only add numbers to their lists when they can put that
spot to other good performing currencies.
November 28, 2023, 09:26:00 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.
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.
BTS is one of the oldest DEX in crypto. It used to have a good price and volume and since Larimer abandoned this project the community lost interest as well.
I went over to the list of tokens delisted and here are some reasons they said these tokens lack which same reason they were also delisting some tokens before 2020. Anything If they are not making money, they will remove the pair or worse the token.
people have always lost interest in altcoins after a while specially when they stop being pumped which makes them unprofitable for the altcoin traders.
November 28, 2023, 09:22:51 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.
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.
BTS is one of the oldest DEX in crypto. It used to have a good price and volume and since Larimer abandoned this project the community lost interest as well.
I went over to the list of tokens delisted and here are some reasons they said these tokens lack which same reason they were also delisting some tokens before 2020. Anything If they are not making money, they will remove the pair or worse the token.
Quote
Level and quality of development activity
Trading volume and liquidity
Stability and safety of network from attacks
Network / smart contract stability
Level of public communication
Responsiveness to our periodic due diligence requests
Evidence of unethical/fraudulent conduct or negligence
Contribution to a healthy and sustainable crypto ecosystem
Trading volume and liquidity
Stability and safety of network from attacks
Network / smart contract stability
Level of public communication
Responsiveness to our periodic due diligence requests
Evidence of unethical/fraudulent conduct or negligence
Contribution to a healthy and sustainable crypto ecosystem
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