Binance Announces Delisting These 4 Crypto Raising Price Dip Concerns

Coingapestaff
October 23, 2024
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Binance To Delist These Crypto in BTC Trading Pairs

Highlights

  • Binance announced plans to delist Rupiah Token, Keep3rV1, Ooki Protocol, and Unifi Protocol DAO shortly ahead.
  • The announcement also spotlighted a stockpile of other discontinued support by the crypto exchange.
  • IDRT, KP3R, OOKI, and UNFI prices tanked 0.5%-46% in the wake of delisting.

In a riveting turn of events, cryptocurrency exchange behemoth Binance announced plans to delist four crypto on Wednesday, raising eyebrows among market participants globally. The digital asset exchange highlighted plans to delist the Rupiah Token, Keep3rV1, Ooki Protocol, and Unifi Protocol DAO cryptocurrencies shortly ahead. Simultaneously, IDRT, KP3R, OOKI, and UNFI prices slipped 0.5%-46% in tandem with the announcement.

Market enthusiasts speculate whether the coins’ prices could witness further dips in light of the discontinued support by one of the leading cryptocurrency exchanges.

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Binance To Delist IDRT, KP3R, OOKI, and UNFI Raising Market Concerns

According to an official Binance release dated October 23, the cryptocurrency exchange giant will delist IDRT, KP3R, OOKI, and UNFI crypto on November 6. “The exact trading pairs being removed are: KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, USDT/IDRT,” the announcement spotlighted.

Notably, the exchange will cease trading and remove all trade orders in each respective trading pair on the mentioned date. This implies that the aforementioned tokens’ valuation will not be available in users’ wallets after the delisting process concludes.

Also, the exchange clarified that deposits of these tokens will not be credited to any user’s account after November 7. Simultaneously, withdrawals for the same will not be supported by the exchange after February 6, 2025, starting 03:00 UTC. The usual stablecoin conversion process may be applied after February 7, the next year, for a seamless delisting process for users. However, the announcement clarified that this mover is still not guaranteed, and the digital asset trading platform will notify its users if this were to happen.

Simultaneously, Binance Simple Earn will delist the four tokens after November 4 this year, per the announcement. Moreover, the UNFIUSDT USD-Margined perpetual contract will cease as of October 30 at 09:00 UTC. The cryptocurrency exchange also announced discontinued support for KP3R, OOKI, and UNFI Cross and Isolated Margin pairs, among other things. Overall, the announcement has reverberated bearishness for these four digital assets across the broader industry.

Meanwhile, it’s also worth mentioning that the exchange is delisting these tokens in an attempt to meet a high level of standard and industry requirements.

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How Are The Crypto Performing?

At press time, KP3R price witnessed a 41% crash in value and is currently trading at $31.47. The coin’s intraday low and high were $32.53 and $54.08, respectively.

Simultaneously, IDRT price traded at $0.00006377, down nearly 0.5% at press time. The coin’s 24-hour low and high were $0.00006374 and $0.0000641, respectively.

UNFI price crashed 42% intraday and is currently sitting at $1.57. Its intraday low and high were $1.60 and $2.78, respectively. Lastly, OOKI price tanked 46% over the past day and is now trading at $0.0007154. The coin’s intraday low and high were $0.0007115 and $0.001373, respectively. Notably, the mentioned crypto witness a price crash primarily mirroring a bearish market sentiment in light of Binance’s discontinuation of support.

On the other hand, the cryptocurrency exchange also recently ‘listed’ Simon’s Cat, conversely sparking CAT price gains. Collectively, the abovementioned chronicles underscore the digital asset firm’s remarkable influence across the broader sector.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

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.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.