Binance remove and cease trading on the following trading pairs -!

[tokyohd]

On September 1st, Binance remove and cease trading on the following trading pairs -
◾️ANKR/BNB  
◾️CVC/BUSD
◾️EPX/BUSD  
◾️HIVE/BUSD
◾️IOTA/BNB  
◾️KLAY/BUSD
◾️LRC/BNB  
◾️MBL/BUSD
◾️MTL/ETH    
◾️UMA/BUSD
What can affect the market for this? Please give me your personal opinion!

[1714890957]

1714890957

[OmegaStarScream]

This has already happened and as you can see, nothing happened to these coin's prices. These assets were not delisted, it's their trading pairs that got removed and besides, they are still available to trade for USDT instead of BUSD.

[mk4]

This is a nothing burger. Binance has removed trading pairs and delisted coins/tokens in the past and it didn't mean much besides the fact that it signals that there is little to no demand for those coins/tokens and/or trading pairs.

Also Binance is slowly but surely phasing out BUSD so it makes sense to remove the BUSD trading pairs.

[BitMaxz]

What can affect the market for this? Please give me your personal opinion!

Delisting trading pairs doesn't mean it would affect the price of these coins I believe it won't affect the market or these coins/tokens. Unless these coins/token is totally delisted from Binance.

There are many reasons why they remove and delist these coins/token pairs there might be fraud happening on these assets like market manipulation or other illicit practices. They delisted them to protect users from losing on trading.

[Tytanowy Janusz]

What can affect the market for this? Please give me your personal opinion!

it depends on the fact whether these are the only trading pairs available on binance for these tokens  (and thus the token is completely removed from binance), or only 1 of many currency pairs is removed in order to increase liquidity on the others. While the second scenario should not have a negative effect on the price, the first practically condemns the project to a slow extinction.

[rat03gopoh]

Busd market demand is decreasing, binance is slowly reducing support to this stablecoin.
If I can guess earlier, the coin paired with busd will soon be rolled back to the */fdusd pair, the newest stablecoin product they're trying so hard to promote.

[Bitcoin_Arena]

Also Binance is slowly but surely phasing out BUSD so it makes sense to remove the BUSD trading pairs.

Today, I was trying to Binance Pay for mobile top up only to notice that they had switched from BUSD to USDT. I am not sure when the changes took place, but it was quite nagging to trade USDT to BUSD and then back to USDT after discovering the changes.

I think by next year, BUSD will no longer be used in the platform except maybe withdrawals.

[ltcrstrbrt]

Also Binance is slowly but surely phasing out BUSD so it makes sense to remove the BUSD trading pairs.

Today, I was trying to Binance Pay for mobile top up only to notice that they had switched from BUSD to USDT. I am not sure when the changes took place, but it was quite nagging to trade USDT to BUSD and then back to USDT after discovering the changes.

I think by next year, BUSD will no longer be used in the platform except maybe withdrawals.

The same situation on Coinbase...most probably they slowly will renounce at UDSC. On Binance, BUSD still have a reasonable volume.

[hugeblack]

What can affect the market for this? Please give me your personal opinion!

Many trading pairs related to BUSD will be canceled and trading of that currency will be stopped by February 2024^[1]. This news has been spreading for several months[2], and therefore all that is happening now is an application of this news and it will not have an impact on the price.

By deleting the pairs related to BUSD, it remains MTL/ETH ANKR/BNB, which are often removed due to poor liquidity or platform policy, etc., but those altcoins (MTL&ANKR) have not been delisted, although this may happen.

if he talks here about its impact on Bitcoin price, it is almost zero.

[1] BUSD users will be able to convert Busd to other stablecoins until February 2024
[2] Binance removing support for BUSD

[CryptopreneurBrainboss]

What can affect the market for this? Please give me your personal opinion!

This isn't the first time Binance is delisting a trading pari or entire coin from their platform, Binance isn't only the exchange available on the market so those project will do fine if they have something they're doing that's worth investing in but if they were just benefiting from the trading volume on Binance exchange then they'll be in trouble. Also it's possible that this project has other trading pairs still on Binance exchange and the delisting is just for Binance exchange to meet their target of stopping support for BUSD on their exchange. As for those without BUSD pairs probably the reason behind their delisting is low trading volume.

As for an immediate effect, some of this project can take a hit in their trading volume and this will affect the price of the project. Lets not also forget that we're in a bear market and if their price of the project takes a hit because of this delisting, they might decline further in price but if the projects has demand in the market, then they might rise back up but since they're altcoins and there's no guarantee in altcoins, it won't be wise to make investment in any of these projects just because they took a hit in price as they might never recover.

[YOSHIE]

On September 1st, Binance remove and cease trading on the following trading pairs -

The information you display here, regarding the actions taken by Binance towards the removal or discontinuation of several types of crypto in spot trading pairs that occurred on 01-09-2023, but you need to see other updates made by Binance.

If you want, add some more about the deletion carried out by Binance.
For example:

Based on our most recent reviews, Binance will remove and cease trading on the following spot trading pairs:

• At 2023-09-08 05:00 (UTC): AUDIO/BUSD, BAT/BUSD, BSW/BUSD, CITY/BUSD, CVX/BUSD, FORTH/BUSD, JUV/BUSD, MOB/BUSD

• At 2023-09-08 07:00 (UTC): OGN/BUSD, OMG/BUSD, PLA/BUSD, POLS/BUSD, REI/BUSD, RSR/BUSD, SCRT/BUSD, TVK/BUSD

• At 2023-09-08 09:00 (UTC): ADA/BIDR, MATIC/BIDR, UTK/BUSD, ZIL/BIDR

If you need further and complete information you can read at the source.
Notice of Removal of Trading Pairs - 2023-09-08

Do some research every once a day, if you want to post new information about Binance, in the future.

[boyptc]

What can affect the market for this? Please give me your personal opinion!

Not that a lot but specific only for those pairs that have been removed. Binance keeps on doing that and they have their own reasons why it's happening.

Could be some of these reasons:

• Low liquidity
• Lack of development

Anyway, they always update it on their blogs if there will be removal or addition to the pairs.

[PX-Z]

What can affect the market for this? Please give me your personal opinion!

You mean the market of those coins? Well, most of the delist coins with /BNB probably binance didn't find it enough to get profit with those pairs due low liquidity, etc the same on other pairs.
Those with /BUSD are probably because it will be phased out soon as their announcement.

[stompix]

What can affect the market for this?

What market?
The market for those tokens? They will probably all dump slowly on other exchanges once they have the liquidity to do so, the first one has around 2 million volume and around 1 million in depth so once Binance pulls the plug on those they will die a slowly painful and well-deserved death!
The global market?
It will be like the economy of the US caring if McDonald's replaces the McFish with the McTuna!

Right now we have far more tokens and shitcoins than a healthy economy would need, a ton of them just need to be sent into oblivion!

Many trading pairs related to BUSD will be canceled and trading of that currency will be stopped by February 2024^[1]. This news has been spreading for several months[2], and therefore all that is happening now is an application of this news and it will not have an impact on the price.

Yeah but this is not really about that, Binance has been delisting shitcoins for ages and it's simply a thing of having most of those shitcoins in BUSD pair as the others shown no volume whatsoever, os it's not like they delist most of BUSD pair as it's BUSD pai that are the shitties around and make the most in pair numbers alone.

Besides, wait till Biannce finds another way to create some stablecoin and add another 1000 pairs, I've heard rumors about that FDUSD but I bet they have another plan in the making on top of that.

[Woodie]

Besides the more obvious reasons such as low liquidity in the market for BUSD and the alike,  but is it also not possible  that this decision of delisting Busd pegged pairs could have been reached because of SECs continued pressure on Binance US and the only way out is to try close shop for one of its big coins ** either BNB or BUSD

See extract from SECs June press release >>> https://www.sec.gov/news/press-release/2023-101

Binance and BAM Trading with the unregistered offer and sale of Binance’s own crypto assets, including a so-called exchange token, BNB, a so-called stablecoin, Binance USD (BUSD), certain crypto-lending products, and a staking-as-a-service program

[Husires]

The gradual removal of BUSD trading pairs may be an indication of the platform's exposure to that currency, so trying to dump it gradually is better than removing it all at once, which may cause it to break the link between it and the price of 1 USD, or it may be an attempt by Binace to delay support for any stable currency pair for the longest possible period. Whatever the reasons, the results are the same, which is that investing in its currency because it is listed on Binace is a big mistake in the long term.