Categories: Market Watch

Binance to Delist SHIB, LINK and MEME Trading Pairs

Leading cryptocy exchange Binance has hinted at plans to delist Shiba Inu (SHIB), Chainlink (LINK), Meme Coin (MEME) and a few other trading pairs from its platform. Some of the affected pairs will be BLUR/FDUSD, LINK/TUSD, MEME/ETH, METIS/FDUSD, NFP/BNB, OSMO/BTC and SHIB/TUSD. The scheduled date for the suspension of these spot trading pairs is June 28 at 3:00 a.m. (UTC).

This decision will leave Binance with other high-volume trading pairs, like USDT, TRY, and FDUSD. After conducting its periodic reviews of all listed spot trading pairs, Binance highlighted that it discovered poor liquidity and trading volume on most of the aforementioned pairs, hence, its decision to delist them.

According to the popular digital asset service provider, this move aligns with its goal of protecting users and maintaining a high-quality trading market. It is noteworthy that the potential delisting of these spot trading pairs will not impact negatively on the availability of the tokens on Binance Spot. As such, users are allowed to trade the spot trading pair’s base while they quote assets on other trading pairs available on the cryptocy exchange.

Meme Coin is trading at $0.01991 and is also 1.67% higher than it was the previous day. Meanwhile, the latest development comes barely a week after Binance announced the delisting of AI crypto spot trading pairs specifically for AI tokens Ocean Protocol (OCEAN) and SingularityNET (AGIX).

Terron Gold