Binance delisting trading pairs

[Chmel]

It means that Harmony, Wink, Elrond and so on will not be delisted but only there will be less pairs to trade? That is not a problem definetely because you can switch between BTC and USD instantly .

its good news for this coins, because more comfortable trade on usd pairs then 1-2 sat to BTC. Priced have more place for move. Also there are traders who trade only on fiat pairs.

[confreslamp]

In my opinion, it is a great decision, because they need to support the liquidity of each trading pair and if you have several pairs with low trading volume on such a huge exchange as Binance, you need to take action, to stay on the same level.

[Bttzed03]

~snip

I share your opinion that coins/tokens that do not generate enough volume should be delisted, Binance is not my main exchange, I'm checking some of the coins and tokens that they delisted in Coinmarketcap, one popular is BitTorrent https://coinmarketcap.com/currencies/bittorrent/
Volume (24h)
$62,717,954 USD
7,780 BTC
4,481,517,904 TRX

Does BitTorrent deserves to be delisted it has a good performance in terms of volume, am I missing something here/

I'm not sure if you misunderstood what was in the OP. BTT wasn't delisted. Only the BTT/BTC pairing was removed. I went to the Binance twitter page and see reactions on the BTT?BTC pair removal, here's one user has to say:

https://twitter.com/subsidieland/status/1178559889171460096

i think it is a good decision. You can hardly trade those low value coins. Only 1 sate differince in buy and sell with huge volumes.

At first i also was a bit shocked, but with BTT prices staying on 5 or 6 sats for weeks , there was no fun in the trading with BTC.

[miningguru]

In my opinion, it is a great decision, because they need to support the liquidity of each trading pair and if you have several pairs with low trading volume on such a huge exchange as Binance, you need to take action, to stay on the same level.

Yes, trading at 2 sats will not help the coin to increase its price and even it is not a good idea because most of the people will afraid to trade them in BTC. Now it is better option for trading them in USDT pairs because we might see price movement compared to Satoshi.

[steveabrahams]

Wow i didn't expect that. Especially for BitTorrent, Elrond, Harmony and WINk. Success on IEO hosted by binance, listed by binance but delisted by binance too. I think it will makes the price of these coins crash. For people who hold these coins, be careful.

[BlacksmithCorporation]

I was quite surprised to know Binance delist the BTC pairs of IEOs even recent IEOs like those of Wink. This action and the fact that Binance will only conduct IEO once a month proves that Binance will select projects more carefully, which also shows that the IEO Trend is regressing.

[herfianto]

It's only delisting trading pair of some coin, i think that is good idea becuse some pair have a low volume. So i think it's not effect to the coin price.

[tsaroz]

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

Binance is becoming too crowded from all these stablecoin pairs. They should focus on just a few stablecoin pair while make other stablecoin tradeable with the reference stablecoins. I think this move is an start to implement that. If BitTorrent is tradable with 5 other USD fixed stablecoin, it's not necessary to pair it with two more.

[Sendi blackspade team]

Wow i didn't expect that. Especially for BitTorrent, Elrond, Harmony and WINk. Success on IEO hosted by binance, listed by binance but delisted by binance too. I think it will makes the price of these coins crash. For people who hold these coins, be careful.

I'm also surprised to hear this. even ONE has also experienced a significant decline after this news was announced.
which is my question, is it removed from binance will it also be deleted from the  binance DEX trade?
or all tokens that use BEP-2 will still be traded on the  binance DEX?

[kramchers]

It always do on any exchanges, if there is not enough volume then it is time to delist it.
There are more tokens who have better demand that can be listed on that space.
That is what cryptocurrency is about the volume and demand.

[robelneo]

Just for the record, here is the official statement from Binance:

Fellow Binancians,

To improve liquidity and user trading experience among our wide range of available assets, Binance will remove and cease trading on the following trading pairs (as requested by most project teams) at 2019/09/30 8:00 AM (UTC):

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.

https://www.binance.com/en/support/articles/360034580431

But I was surprised to see BTT/BTC, I mean what happened? BTT was doing good and it really alarm me that such good coin as BTT are going to be delisted right after just listing them a couple of months ago. Does it mean that it is being used for pump and dump scheme?

I share the same argument this a bad precedent, BitTorrent is enjoying a very good volume now they are delisting for that useless reason, developers will now have second thought if Binance is the right exchange for them to launch their IEO since they are going to delist their coin even if they have a good volume and moving up.

[enhu]

The delisting of these pairs had help the price of BTC to go up I guess. Its not a bad decision all along

I'm somehow not happy to see some of the coins I hold were included in the list which had dropped due to it. I see it a reason to buy more of it if there were just updated from the team, an intervention probably.

[jacafbiz]

Just looked at those pairs delisted, apart from these 3 trading pairs that is well utilized, BTC, BNB and Ether, the others is sparingly used. I don't think it is fair to be devoting technical resources to pairs people are not interested in using, if this move is going to concentrate liquidity good for the project.

[sujonali1819]

It feels bad to me that because I did not think this before that Such an exchange as Binance, where 1 satoshi coins will be traded once a day. Anyway, These coins have been falling in price long ago but again after the BTC pair delisted, it again fell. And I think a lot of traders have lost huge money from these coins.

[dannybrown]

I think binance should delist tons of coins because of the low volume they have. For example we see WINK, lots of hype, Tron backed and tons of money behind it, However 1-2 BTC volume.
 I do not understand why exchanges keep these coins there. They should delist more to make other succesful ones get more volume.

[Omega Weapon]

that is normal. shitcoins come and die to disappear from the face of the market. if it wasn't happening then the number of existing coins would have been in 4 digits instead of being 2k something.
the most interesting thing about this particular delisting is the fact that a lot of the dead shitcoins are the tokens they were advertising as IEOs on their platform and were supposed to be better than the rest of the shitty ICOs. you can see now that there really isn't any difference even though they changed the name from ICO to IEO and tried pretending there is.

This is my main take from all of this, people have been claiming that ieos will be way better than icos and we are seeing that is not the case, it doesn't matter how much the developers of a coin try to hype their coins the issue is that no one is interested in those projects anymore, if they really want to develop something then they can do it for free as satoshi did and then release a finished product to the world, if they cannot do that they cannot expect us to care about their projects.

[Neo.op]

Even binance is delisting some pair maybe if its a loss of binance. But I think it will be good for its customers as those dead coins are not needed anymore in that big exchange. Of course, they can be traded in other smaller exchanges and be active again. But I really support this delisting procedure, we need coins with high volumes only.

[betty11]

This usually happen because of low trade volume on those pairs, and another time when developers don't constantly honor terms and conditions. For me, I will prefer  BTC, ETH, stablecoin. Anything aside these I may never trade. Funny I trade BTC pair 99.9% of my trade.

[Alexandr Kirichenko]

that is normal. shitcoins come and die to disappear from the face of the market. if it wasn't happening then the number of existing coins would have been in 4 digits instead of being 2k something.
the most interesting thing about this particular delisting is the fact that a lot of the dead shitcoins are the tokens they were advertising as IEOs on their platform and were supposed to be better than the rest of the shitty ICOs. you can see now that there really isn't any difference even though they changed the name from ICO to IEO and tried pretending there is.

They removed only the trading pairs but not the tokens themselves. It's completely different. These trading pairs were not in demand and the decision was not long in coming. I think it's normal. But the tokens themselves are traded on the site.

[alicea]

By the look of it, they decided to remove the pair where there is not much volume and some coins where the price of tokens was in single sats digit so I guess their decision was not that bad.