Earlier on Monday, Binance announced that it would be removing 30 trading pairs from its platform with the goal of improving liquidity and the trading experience for its users.
The move will see 17 different digital assets affected, with almost all affected cryptocurrencies losing one or more stablecoin trading pairs. Unlike a complete delisting, these cryptocurrencies will retain any remaining trade pairs, which is expected to help improve liquidity by consolidating their trade volume.
Removal of Binance Trading Pairs
The full list of trading pairs that are to be removed are as follows:
“ANKR/PAX, ANKR/TUSD, ANKR/USDC, BCPT/PAX, BCPT/TUSD, BCPT/USDC, BTT/BTC, DENT/BTC, DOGE/PAX, DOGE/USDC, ERD/PAX, ERD/USDC, FTM/PAX, FTM/TUSD, FUEL/ETH, GTO/PAX, GTO/TUSD, GTO/USDC, LUN/ETH, NCASH/BNB, NPXS/BTC, ONE/PAX, ONE/TUSD, PHB/PAX, PHB/USDC, TFUEL/PAX, TFUEL/TUSD, TFUEL/USDC, WAVES/PAX, WIN/BTC.”
The removal has left a bad aftertaste in the mouths of many altcoin investors since several of these trading pairs involved assets that were funded through the Binance Launchpad. Being launchpad projects, these digital assets were hyped to the high heavens by the Binance marketing team through one of their many Launchpad competitions and announcements.