Binance delisted the following altcoins

[Woodrose]

ATTENTION! Binance

👉 Notice of Removal of Trading Pairs - 2022-12-27

#Binance will remove and cease trading on the following trading pairs at 2022-12-27 03:00 (UTC):

▪️Spot Pairs: ANC/BNB, ANC/BTC, ANC/USDT, MIR/BTC, MIR/USDT, TORN/BTC, TORN/USDT, YFII/BTC

Please note:

* Users can still trade the above assets on other trading pairs that are available on Binance.

* Binance will terminate strategy trading services for the aforementioned spot trading pairs at 2022-12-27 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their trading strategies prior to the cessation of strategy trading services to avoid any potential losses.

HERE IS THE OFFICIAL ANNOUNCEMENT👇

https://www.binance.com/en/support/announcement/c76352c9c2c846c997cbf65cfdf77976

I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.

[mk4]

I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.

Binance have always accepted trash coins unto their platform — I mean, have you seen how much coins/tokens they have on their platform? Binance mostly only delist trading pairs if there's little to no trading volume.

[gunhell16]

It's just common sense dude, if there's no benefit to your platform, of course, you'll throw it away first because it's just trash. We know that Binance is a trading platform whose priority is to get income, it's that simple.

Look at the FTT of Ftx even though the Ftx Company has closed but the Ftt remained in binance, because somehow its volume is still at 3.8M (BUSD) on its platform because it is still useful and beneficial to them.

[Nrcewker]

I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.

Binance have always accepted trash coins unto their platform — I mean, have you seen how much coins/tokens they have on their platform? Binance mostly only delist trading pairs if there's little to no trading volume.

They really support new coins at first and hence give opportunity to traders and also the coin developers. But sadly no one can prevent from the low trading volume, hence these coins are kicked out from the trades. We can’t blame binance for this also, as at least it gave a chance to the coins, but if the coins aren’t popular enough, then what will Binance do here? It’s better that these coins are cleaned now. I am sure there aren’t any people who holding these coins. So yes at last no one really cares about these coins.

[rat03gopoh]

I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.

In the spectacles of binance or other exchanges, there are no trash coins as long as they benefit from trading fees, their criteria can be flexible. Binance also spreads a lot about risks on various occasions. Then the loss from the trade is actually at your own risk.

[Jody.Drummer]

They are doing business and looking for profit, while they get the expected profit, we will keep watching until they delete it because they are no longer profitable. Simply put, if we benefit from anything we will continue to do it even though other people think what we do is work that in their eyes is useless or hereafter called trash.
We must be smart in choosing which one we should trade among the many choices. Because there are no limits for us to make choices.
If so, it would be the same as saying "it's better not to have new projects because new projects are dominated by fraudulent projects".

[ScamViruS]

Binance often prioritizes hype before listing coins, a fact that came to the fore during the Sushiswap incident. And this statement was acknowledged by CZ himself through a tweet. And he deleted that tweet after a while. So Binance has been doing this kind of activity for a long time. I think that Binance is doing the delisting process on the coins now, their trading volume is low, and since the trading volume is low, Binance is not generating revenue from these projects.

So they are continuing this delisting process thinking about their own profits rather than thinking about their customers. Binance has no losses here, only traders will face the losses. So traders should be careful before buying any low volume coins/tokens. Such delist fears exist in every exchange.

[blockman]

They usually do it when there's not that much demand on them anymore. I'm expecting that there will be newly launched altcoins that they'll list prior to the next bull run and likely in the year when the halving will happen for bitcoin.
And then, the cycle will come and they'll start to delist again altcoins that are no longer profitable for them even if there's a little demand for them. That's how their business goes, they charge high fees for listing, and when all of the sudden, they'll delist it for that reason.

[Hamphser]

I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.

Binance have always accepted trash coins unto their platform — I mean, have you seen how much coins/tokens they have on their platform? Binance mostly only delist trading pairs if there's little to no trading volume.

At first, i thought that they would really be just listing out those  coins which does have that potential or really those good coins before it could touch up or would be trader into the platform.
All of projects or  coins/tokens owners are really that wishing to be listed on Binance or primarily it would really be their target, but of course those i do believe when im still new.
They would really be normally delisting out to clear up some space, there's no point on keeping up coins which it doesnt really have any trading volume or liquidity which it is really
just normal on having this, as for those token owners then you should be attentive on pulling out those coins before its too late. I dont know if they would still allow users
for them to withdraw those coins after on the said due date or time.

[bittraffic]

They usually do it when there's not that much demand on them anymore. I'm expecting that there will be newly launched altcoins that they'll list prior to the next bull run and likely in the year when the halving will happen for bitcoin.
And then, the cycle will come and they'll start to delist again altcoins that are no longer profitable for them even if there's a little demand for them. That's how their business goes, they charge high fees for listing, and when all of the sudden, they'll delist it for that reason.

No volume probably is always the case but why list the pair token/USDT still, can the team request Binance to delist pairs?  Because afaik they paid Binance to be listed.

In my observation, the token will not grow much in the future when the pair with BTC is delisted from the market. I personally have one of the token/BTC delisted on the market and it never went up anymore.

[teosanru]

I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.

Binance have always accepted trash coins unto their platform — I mean, have you seen how much coins/tokens they have on their platform? Binance mostly only delist trading pairs if there's little to no trading volume.

Binance has this habit honestly, it will start the listing spree the moment bull run kicks in because most of the projects are ready to pay hefty listing fees as most of the projects get good returns too. So it rampantly lists most of the projects that come in. But eventually when the time of bear run kicks in. It cleans it's interface by delisting these coins which it listed for some hefty money because eventually the volumes for such projects go away once the dusts of bull run settles.

[goaldigger]

I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.

Binance have always accepted trash coins unto their platform — I mean, have you seen how much coins/tokens they have on their platform? Binance mostly only delist trading pairs if there's little to no trading volume.

Binance is also following the hype where there is money even if its a trash project they will list it and after that, they will start to clean the pairs and delist those coins/tokens who are not performing well anymore which is a good time for Binance to liquidate their holdings as well. Binance is very strategic when it comes to this one, and probably once these tokens got delisted on Binance that can totally affect their whole project.

[sutil]

ANC is one of my favorites I really feel sad for this one.

[o48o]

People always seem to think that they are only greedy because they want money for listing. But they don't seem to understand that you need to have paid market makers providing liquidity for those pairs if you don't want totally chopped charts with huge spreads on buy and sell wall. And if what they get from trading fees doesn't cover market maker fee, it's perfectly understanable why they would remove those pairs. It's not like they are running a charity for altcoins

[AakZaki]

some past junk coins that had hype like YFII which of course are also high risk. Binance really needs to clean up its market of coin waste unlike some of the coins mentioned. Delisting trash coins can save users from coins that don't have any progress.

[dimonstration]

I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.

There’s a lot of thrash coin/risky coin that Binance still list since they didn’t base there listing on the project credibility but rather on profitability. They are delisting thrash coin that doesn’t have volume to contribute profit for Binance.

CZ hands is tied on the profit alone so shitcoins will keep listed in there until they are out of volume. They are just doing delisting to give space for more shitcoins that can give more profit. Binance is just the typical shit CEX that doesn’t care about the risk of the token they are offering and just place a disclaimer to clean there hands on listing this shit tokens.

[blockman]

They usually do it when there's not that much demand on them anymore. I'm expecting that there will be newly launched altcoins that they'll list prior to the next bull run and likely in the year when the halving will happen for bitcoin.
And then, the cycle will come and they'll start to delist again altcoins that are no longer profitable for them even if there's a little demand for them. That's how their business goes, they charge high fees for listing, and when all of the sudden, they'll delist it for that reason.

No volume probably is always the case but why list the pair token/USDT still, can the team request Binance to delist pairs?  Because afaik they paid Binance to be listed.

In my observation, the token will not grow much in the future when the pair with BTC is delisted from the market. I personally have one of the token/BTC delisted on the market and it never went up anymore.

There could be some agreements and conditions for a project to be listed, aside from just being listed. There should be some targets and how much volume they should need to have for them to be retained. But if the exchange has already decided to delist them, then they just have to accept it lightly. Being there is a big thing and the same goes for being delisted there, it's also another big thing that will totally affect the project's volume.

[cryptoaddictchie]

I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.

Usually binance listed hype or those coins and tokens with high volume or been attracted to a lot of users. Its not about if the coin is good or bad. Since its an exchange they will prefer those they think will add some trading volume on their list of tokens which are favorable also to them. These ptojects are probably low volume traded coins thats why they need to be remove. Its all about business IMO.

[carlfebz2]

I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.

Usually binance listed hype or those coins and tokens with high volume or been attracted to a lot of users. Its not about if the coin is good or bad. Since its an exchange they will prefer those they think will add some trading volume on their list of tokens which are favorable also to them. These ptojects are probably low volume traded coins thats why they need to be remove. Its all about business IMO.

Most of the time they are really that listing out coins which does have lots of hypes or simply the volume because they do know that they could really make money out of that which on being a business then it would

really be that understandable that they would really be having that kind of criteria.On the time that they arent be able to make out some benefits then it would be understandable that they would be delisting
it out and would make out some free space into those new ones.
This cycle would continue and this is how the business works or behaves because this is on where they do or can make money.

[cryptoaddictchie]

Really be that understandable that they would really be having that kind of criteria.On the time that they arent be able to make out some benefits then it would be understandable that they would be delisting
it out and would make out some free space into those new ones.

Criteria is kinda depends on how they view the project as profitable I guess. They are indeed so picky when it comes to project listing. Of course the number 1 requirement is volume. If its gonna be sustainable in the end. The payment for listing is also expensive but if its Binance who did the listing its probably free. But that are rare cases, unless your project is a defi that have a huge hype capability and the best example of this is the airdrop tokens which are highly valued. See optimism, unsiwap, 1inch, dydx, and other drops.

Those got delisted are probably low volume. If it means business then CZ got no choice but to do so.