Binance Delisting Announcement: Removal of Trading Pairs on January 26th

Binance has officially announced the delisting of several spot trading pairs, effective January 26. The affected trading pairs include COMBO/BNB, IOST/ETH, CRV/ETH, NEO/ETH, QUICK/TUSD, QKC/ETH, RUNE/EUR, and WOO/BNB. The exchange clarified that such delistings are part of its periodic review process, where factors such as poor liquidity and trading volume are considered.

Reasons and Impact of Delisting

Binance did not disclose specific reasons for the removal of these trading pairs but emphasized that regular reviews are conducted for all listed pairs. The potential impact of delisting on a cryptocurrency's price is acknowledged, as it reduces accessibility to a wide range of potential buyers and may cause reputational damage.

Market Response and Token Performance

Despite the delisting announcement, most tokens affected by the initiative have experienced positive market performance in the past 24 hours, aligning with a slight resurgence in the overall market.

Binance's Ongoing Review Initiatives

This delisting announcement is part of a series of initiatives by Binance in 2024. Earlier in January, the exchange included Monero (XMR), Zcash (ZEC), and other cryptocurrencies on its Monitoring Tag list, subjecting them to regular reviews. Binance also ceased support for nine trading pairs, including LTC/UAH, FLOKI/TUSD, COTI/BNB, COS/BNB, MULTI/BTC, among others.

In the latest developments, Binance has expanded its Isolated Margin program by adding FC Barcelona Fan Token (BAR), Manchester City Fan Token (CITY), Paris Saint-Germain Fan Token (PSG), and others as borrowable assets. Additionally, PROS/USDT and WIN/USDT have been introduced as new cross-margin pairs.