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Author Topic: Binance delisting trading pairs  (Read 368 times)
cahbagus555
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October 06, 2019, 11:54:19 AM
 #41

Here we go again, binance exchange decided to delist 30 different types of trading pairs on its platform and six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk.
The trading pairs are mostly TUSD and USDC pairs and Binance claimed that the pairs were being removed to improve liquidity and user trading experience and that the choice of trading pairs was as requested by most project teams.

Why would the project teams want such? what am i missing here? anyone?
Read the full news through the link below
https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad/amp

It may be delisting in some stablecoin pairs because of the many types of stablecoin so that binance may decide to concentrate on just a few stablecoin pairs. This is only delisting in stablecoin pairs and not in delisting tokens, in my opinion normal thing
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October 06, 2019, 11:59:02 AM
 #42

Here we go again, binance exchange decided to delist 30 different types of trading pairs on its platform and six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk.
The trading pairs are mostly TUSD and USDC pairs and Binance claimed that the pairs were being removed to improve liquidity and user trading experience and that the choice of trading pairs was as requested by most project teams.

Why would the project teams want such? what am i missing here? anyone?
Read the full news through the link below
https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad/amp
In decentralized entities they can alter anything as they want so we cannot stop this happening and this could be an answer for the people who were going behind IEOs from big exchanges they are still in risk of going into shit coins.But there project teams asked so exchange is supposed to do what they were requesting and only stable trading pairs won't hurt the cap value of coin.









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October 06, 2019, 12:15:32 PM
 #43

OMG! almost six trading pairs removed on Paxos Standard (PAX) coin. But i think a lot of pairs really valueless. I missed NPXS/BTC pair this is highest trading pair for Pundi X (NPXS). But this project gradually dumping 12 satoshi to 3 satoshi right now. That's why NPXS BTC trade pair removed for the project liquidity. LUN/ETH pair was something effective for trading i think.  DOGE/FAX,ERD/PAX and PHB/PAX worst trading pairs ever in that case good decision. 

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October 06, 2019, 12:19:16 PM
 #44

It is important to realize that they are not delisting cryptocurrencies but pairs.
If they delist some cryptocurrencies that would mean that these cryptocurrencies are no more interesting and profitable for Binance. People will sell these cryptocurrencies in a fear that they bought bad ones.


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October 06, 2019, 12:21:30 PM
 #45

To be honest, I prefer to trade the altcoin pairs with the ETH and BTC, stable coin pairs are the fastest option for liquidating the altcoin holdings. Binance made the right decision for increasing the liquidity on the main altcoin pairs, only some traders choose the USDC or Tether pairs for trading. The day traders are the main driver of the daily liquidity and removing the less liquid pairs will help them from my experience.

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October 06, 2019, 12:25:52 PM
 #46

To be honest, I prefer to trade the altcoin pairs with the ETH and BTC, stable coin pairs are the fastest option for liquidating the altcoin holdings. Binance made the right decision for increasing the liquidity on the main altcoin pairs, only some traders choose the USDC or Tether pairs for trading. The day traders are the main driver of the daily liquidity and removing the less liquid pairs will help them from my experience.

Or perhaps pairs with btc, eth and usd. Those three were enough to pair with altcoins on the exchange and not with so many bunch of other more like ltc, tether or even their token's exchange. Most of the popular coins has like 8-10 pairings which is really the culprit behind it's good liquidity. Binance should have known this and implemented strictly from the start.
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October 06, 2019, 01:11:49 PM
 #47

Here we go again, binance exchange decided to delist 30 different types of trading pairs on its platform and six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk.
The trading pairs are mostly TUSD and USDC pairs and Binance claimed that the pairs were being removed to improve liquidity and user trading experience and that the choice of trading pairs was as requested by most project teams.

Why would the project teams want such? what am i missing here? anyone?
Read the full news through the link below
https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad/amp

TUSD and USDC are not as popular as USDT. This is probably the reason why trading pairs with these stablecoins have very low volumes and are finally taken out of trading one after another. Last time, there was also a batch of delisted trading pairs with a long list of pairs even including BTC and ETH. But the coins listed in the OP are rather new so there is also the factor that they have yet to attract many traders.
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October 06, 2019, 01:30:07 PM
 #48

Here we go again, binance exchange decided to delist 30 different types of trading pairs on its platform and six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk.
The trading pairs are mostly TUSD and USDC pairs and Binance claimed that the pairs were being removed to improve liquidity and user trading experience and that the choice of trading pairs was as requested by most project teams.

Why would the project teams want such? what am i missing here? anyone?
Read the full news through the link below
https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad/amp

It's misleading. The article is making it seem like that Binance is turning on the tokens which it sold on its launchpad, but that's really not the case.

All they've seen here is that the cost of maintaining a market such traded against TUSD far outweighs any benefit it brings, or that it clogs up their interface. I doubt that their plains is to actually delist the coin that they IEO'd in the past completely, since the majority of these coins they are delisting can be still traded against BNB/BTC.

So we've not come to that stage yet. It's not like these pairs were terribly important anyways since USDT were far more popular compared to the other stablecoin listings.
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