Binance announced that it will delist the NOT/BNB and RDNT/BTC trading pairs due to low activity. Trading for these pairs will stop. Also, the delisting is scheduled for December 6, 2024 at 06:00 AM PT. However, there is a delist only for these specific pairs, while trading on other spot pairs continues. Here are all the details…
Binance announces delist for two altcoin pairs
Binance, the world’s largest crypto exchange, announced the removal of two major NOT/BNB and RDNT/BTC spot trading pairs from its exchange. This decision follows Binance’s regular review process, which evaluates factors such as decreased liquidity and trading volume issues. If you’re currently holding positions in these pairs, here’s everything you need to know.
In an announcement, Binance stated that it regularly reviews all trading pairs to ensure a smooth and efficient experience for users. They decided to remove NOT/BNB and RDNT/BTC because these pairs don’t have enough trading activity and liquidity to remain on the platform. In simpler terms, there is not enough trading to meet Binance’s standards for keeping these pairs on the platform. The exchange’s statement reads as follows:
As part of Binance’s commitment to improving the user experience, only pairs that maintain a healthy level of trading activity and liquidity are kept on the platform.
When will the delist take place?
The delisting will take place on December 6, 2024 at 06:00 AM PT. Meanwhile, from then on, users will no longer be able to trade NOT/BNB or RDNT/BTC on Binance. However, Binance will not completely remove the tokens from the platform. Users can continue to trade the underlying assets of these pairs on other existing markets on Binance. As a result, if you are using Spot Trading Bots with NOT/BNB or RDNT/BTC pairs, you need to act fast.
Binance will stop supporting these pairs for trading bots on December 6th at 06:00 AM PT. This means that all active bots using these pairs will stop working. Therefore, users are strongly advised to update or cancel their bots ahead of time to avoid any issues or losses. For most users, unless they are heavily invested in these trading pairs, the impact will be minimal. At the time of writing, TON is changing hands at $7.09, up 6 percent. On the other hand, the cryptocurrency saw a daily low of $6.36. In addition, RDNT is changing hands at $ 0.1018, up 10 percent. As a result, Binance’s announcement does not seem to negatively affect these cryptocurrencies.
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