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Author Topic: Why Binance exchange delisting the crytop currencies and the sport trade pairs  (Read 340 times)
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December 13, 2023, 09:35:44 PM
 #41

I don't know why OP seems to not understand this system of Exchange ?  that they have the rights to delists whatever coins/tokens they think or seen to not worth being in their exchange.
as they are given notice before the delisting so nothing they can do , though they can always file for listing again just prove the exchange that they are worth being listed .
I think he does understand it. He even included a reason of the deletion. The only reason on why he asked this question is because he thinks there is something that Binance is hiding to us. He mentioned the current issue Binance is facing right now against SEC and he thinks Binance should give an exception to those said coin pairs because of it but no they didn't do it. It only shows that even at the end or no matter what happens, they are always committed on their service and always ensure that they can stick on their rules. That's great actually OP and besides, those coins are nothing anyway compared to the top coins. But I think you are triggered because you have invested on them. Aren't you?
This is most likely the reason the OP is not happy with the decision of Binance, because in the end we know that this is something that exchanges do all the time, they simply delist the assets they think are not bringing them enough profit, now if binance announced that they were going to delist bitcoin or ethereum then that will be a completely different matter, and all kind of conspiracy theories would emerge under that scenario, not that I think it is possible, mind you.

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December 14, 2023, 03:19:47 AM
 #42

Binance has been delisting coins and trading pairs every now and then. This is not new to them. They have been doing this for a long time already, so this is not in any way related to the cases they are currently facing. There are various reasons for them doing this. Other than the obvious lack or very low level of activity, volume, liquidity, etc. there are also other reasons such as if the project has turned out to be a scam or if it has been left unattended, etc.
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December 14, 2023, 04:10:10 AM
 #43

Can someone who is more technical tell about what is going on with Binance the cryptocurrencies exchange?
Just as they were faced with some criminal issues, they have been taking whole lot of elimination actions of delisting over ten sport trades in their marketplaces as at last week with undefined relatable reasons.
Now they are set to delisot BTS/USDT, WTC/BTC, PERL/USDT, WTC/USDT and others out of their marketplaces by the Dec-7th-2023 with the reasons that it is a caused of the digital currencies being unable to meet up with its tasks and poor level of operations.

What I don't understand is that why are they taking this actions at this time even as they faces this high level of criminal case which was to tanish their reputation?

Is there something technical that is not Worth publicly exposed/expressed?

Why don't they feel the guilt of losing the affiliated clients that was to profit them as they delisted them above?

Are they just realizing the inabilities, insecured and the poor possessions of the delisted industry just of recent? Or they have been on track before these days?

I am curious to understand this because I leans my Bitcoins to the Binance crytop currency exchange.
https://cryptopotato.com/important-binance-will-delist-the-following-cryptocurrencies-on-december-7th/

the firts reason volume trade is very low
only few member is always trading, bad coin, coin founder not competent carrying away money after selling a lot of coins so binance coin delist to protect members from severe loss

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December 14, 2023, 04:41:04 AM
 #44

I don't know why OP seems to not understand this system of Exchange ?  that they have the rights to delists whatever coins/tokens they think or seen to not worth being in their exchange.
as they are given notice before the delisting so nothing they can do , though they can always file for listing again just prove the exchange that they are worth being listed .
I think he does understand it. He even included a reason of the deletion. The only reason on why he asked this question is because he thinks there is something that Binance is hiding to us. He mentioned the current issue Binance is facing right now against SEC and he thinks Binance should give an exception to those said coin pairs because of it but no they didn't do it. It only shows that even at the end or no matter what happens, they are always committed on their service and always ensure that they can stick on their rules. That's great actually OP and besides, those coins are nothing anyway compared to the top coins. But I think you are triggered because you have invested on them. Aren't you?
This is most likely the reason the OP is not happy with the decision of Binance, because in the end we know that this is something that exchanges do all the time, they simply delist the assets they think are not bringing them enough profit, now if binance announced that they were going to delist bitcoin or ethereum then that will be a completely different matter, and all kind of conspiracy theories would emerge under that scenario, not that I think it is possible, mind you.

Binance's delisting of some coins is similar to our removal of some projects that we feel are no longer profitable for us. This is completely normal, I wonder why the OP feels uncomfortable with it. We are all here for profit and exchanges are just like us, is OP willing to hold useless projects in his portfolio? If not, he shouldn't be sad because Binance did it and this has been going on for many years and is not new. But one thing, many exchanges are also doing it every day, but why does OP only mention and criticize Binance?

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December 15, 2023, 04:29:29 AM
 #45

If they are delisting tokens, maybe they have not met the quota they need for volume on Binance. Now, if you think it's just not on the exchange despite the issues it's faced, that doesn't mean Binance is ignoring it.

That's not the case, and one more thing: the cases that Binance has faced with the issues you're talking about with their delisted tokens or coins on their platform exchange are a different matter. And there probably aren't that many people doing trading activity on their platform, so it had to be removed from their lists.



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South Park
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December 20, 2023, 09:21:16 PM
 #46

This is most likely the reason the OP is not happy with the decision of Binance, because in the end we know that this is something that exchanges do all the time, they simply delist the assets they think are not bringing them enough profit, now if binance announced that they were going to delist bitcoin or ethereum then that will be a completely different matter, and all kind of conspiracy theories would emerge under that scenario, not that I think it is possible, mind you.

Binance's delisting of some coins is similar to our removal of some projects that we feel are no longer profitable for us. This is completely normal, I wonder why the OP feels uncomfortable with it. We are all here for profit and exchanges are just like us, is OP willing to hold useless projects in his portfolio? If not, he shouldn't be sad because Binance did it and this has been going on for many years and is not new. But one thing, many exchanges are also doing it every day, but why does OP only mention and criticize Binance?
The simplest explanation is that they were affected by this move and they are not happy about it, and while it is something I can get as no one likes to lose money, at the same time we cannot take those kind of moves as personal either, because as you mention binance is also interested in making profits, and if a set of coins are not producing the volume they expected, it is acceptable they decide to take the decision to cut their losses short and delist those coins.

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December 20, 2023, 10:30:30 PM
 #47

This has been their ways of operation for years now and I don't think they will change for any reason since most of the currencies listed in there trading platform hardly meet up their targets, mostly what causes them to act strictly on their exchange is to make sure that users funds are secured instead of seeing a massive dump on holders in their custody they mostly decide to delist them before any bad effect affect traders to enable them still maintain their prestige since their exchange is the number one digital currency exchange globally.

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December 21, 2023, 06:15:15 PM
 #48

This has been their ways of operation for years now and I don't think they will change for any reason since most of the currencies listed in there trading platform hardly meet up their targets, mostly what causes them to act strictly on their exchange is to make sure that users funds are secured instead of seeing a massive dump on holders in their custody they mostly decide to delist them before any bad effect affect traders to enable them still maintain their prestige since their exchange is the number one digital currency exchange globally.

I'm not sure for now but Binance have their criteria before listing a coin and volume is one the key they test before bringing a new coin on the exchange, if after listing th coin and it failed to have volume, they have the right to take action on such pair which I think is often attached to email sent to the project and I think there use to be warning to the team before these happen just incase they have anything to increase the interest of investors in other to boost the volume but if they later fail to meet up, they will take action and delist.

Teams actions are also part of the reason why trading pairs can be delisted like if they find out that the team is a scam or have been acused of scam of any sort that can harm the investors, they have the right to take action to delist. They can also delist if pair is having issues with the law enforcement like the way SEC is hunting some projects been security and many more.

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