Claim $500Just-In: Binance Delists Key Spot Pairs for Uniswap, Optimism, & Other Crypto
Highlights
- Binance announces removing and ceasing some crypto trading pairs from Binance Spot.
- The trading pairs affected are BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB.
- Prices of these crypto fell 4-10% in the last 24 hours.
The world’s largest crypto exchange Binance on Friday said it is delisting some crypto trading pairs from Binance Spot. Binance is delisting some key cryptocurrencies including Uniswap (UNI), Optimism (OP), and BakeryToken (BAKE). Users will not be able to trade these cryptos in some trading pairs, impacting the price momentum.
The crypto exchange usually delists spot and margin trading pairs due to multiple factors, such as poor liquidity and trading volume or lack of demand for some pairs.
Binance Announces Delisting Of Key Spot Trading Pairs
Crypto exchange Binance in an official announcement on April 10 revealed 6 crypto spot trading pairs to be listed from the platform. The exchange said the move is part of its periodic reviews of all listed spot trading pairs it conducts to protect users and maintain a high-quality trading market.
Binance will remove and cease trading on the spot trading pairs — BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB.
The abovementioned spot trading pairs will not be available for users to trade from 03:00 UTC on April 12. However, users can still trade these crypto available in other spot trading pairs on the crypto exchange.
In addition, Binance will also cease support of these spot trading pairs on bots services. Users are recommended to update or cancel their spot trading bots before the deadline to avoid any potential losses.
Also Read: Terra Luna Classic (LUNC) Dev Announces Security Package Update
Price Performance of Delisted Crypto
Uniswap (UNI) price fell over 1% in the past 24 hours, with the price currently trading at $11.10. Furthermore, the trading volume has decreased by 5% in the last 24 hours, indicating a decline in interest.
Meanwhile, Optimism (OP) and BakerySwap (BAKE) also fell 6% and 4% in the last 24 hours, respectively. Trading volumes on both tokens have taken a hit after Binance’s announcement.
Space ID, MOBOX, and Radiant Capital prices also fell significantly in the 24 hours, with the downfall continuing in the last few hours.
Also Read: Cardano (ADA) Price Faces Final Dip Before Rally to $1.70
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump Calls for Rate Cuts as Fed Chair Favorite Hassett Says U.S. Lags on Lowering Rates
- Aave Labs vs DAO: What Investors Should Know About the AAVE Token Alignment Proposal
- January Fed Rate Cut Odds Fall to New Lows After Strong U.S. Q3 GDP Report
- Breaking: U.S. GDP Rises To 4.3% In Q3, BTC Price Climbs
- Breaking: Bank of Russia Proposes Allowing Investors to Buy Bitcoin and Crypto in Major Regulatory Shift
- XRP Price Prediction: Will 4 Billion Transactions Spark Next Rally?
- Solana Price Outlook: Will SOL Recover With Strong Institutional Buying?
- Ethereum Price Risks Crash to $2,500 Amid Sustained Wintermute Dumping
- Is It Time to Sell Bitcoin for Gold- Analyst Spots 2023 Pattern That Triggered BTC’s Last Major Rally
- Bitcoin Price Prediction and Analysis: Will BTC Hit $100k Before Year-End?
- Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?
