Why Binance exchange delisting the crytop currencies and the sport trade pairs

[Hamza2424]

Hmm, seems like it's the SEC who's enforcing them to delist the unauthorized and illegitimate securities to be delisted from the trading marketplace. Kraken exchange is also facing some kind of similar issues as Binance faced before. After whole this crisis Bianance's ecosystem was highly affected, VIP memberships, their total capitalization, etc all got hit hard.

We can also consider it as Bianc only delisted all those pairs till now with some issues such as trading volume, vesting, liquidity problems, etc. I haven't seen any top projects getting delisted from the market. Anyway, who cares if the shitcoins are getting delisted haha, as I'm not a shitcoin trader, and also not a trader on Binance.

So just chill, Enjoy.

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[Nrcewker]

Are you new to Binance? I mean these types of updates they always do. For them it doesn’t matter at all, whether any criminal case is in progress against them or not. They themselves say that, they unlist the trading pairs which have low volumes of trade or less marketcap. They even unlist the pairs which is less popular. So what’s shocking in that? They delist and add new coins which are in demand and are in trend. Why would they keep the coins with low activity in their exchange?

[South Park]

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/

There could be many reasons for this and maybe the recent case against binance had some influence, however when there is a change in the leadership very often the person ascending as the new leader of an organization begins to make a lot of changes immediately not only as a way to show their authority and establish it this way on the minds of their employees, this is also a way to demonstrate that they have a different set of priorities than the previous leader, and that the organization itself needs to change to accommodate those new priorities.

[Hamphser]

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/

Dont know if its just me or people been seeing that you are just basically shilling out that site or what but is this your first time on seeing that Binance delist up coins?
Yes, they are facing up some issues now but we know that business must go on, and since there's a new CEO had been hired so it would be not shocking that operations would really be that
going back to normal or something that calls on going back to business which its never been that new or shocking.

They would normally be delisting coins on which it doesnt really have volume on which they cant really simply making money out of it, and this way they are really
opening up doors into those coins or projects which does have huge trading volume on which listing it out in replacement of those who had been delisted
which this is how business do works. So dont get shocked about it and trying out to tie those current issues that they are facing on.

[goaldigger]

Are you new to Binance? I mean these types of updates they always do. For them it doesn’t matter at all, whether any criminal case is in progress against them or not. They themselves say that, they unlist the trading pairs which have low volumes of trade or less marketcap. They even unlist the pairs which is less popular. So what’s shocking in that? They delist and add new coins which are in demand and are in trend. Why would they keep the coins with low activity in their exchange?

They have the terms and conditions for sure and if there’s a coin/token that are not performing anymore and there is no activity, then they are delisting it maybe for the purpose of decongestion and for the purpose of introducing a new token pairs. We know how strict the Binance is and how popular it is, so once you get listed in Binance they are expecting for you to increase the activity on that exchange and as a project owner you should commit on that or else all that you have paid just to get listed will be wasted and you will be delisted.

[AmoreJaz]

Are you new to Binance? I mean these types of updates they always do. For them it doesn’t matter at all, whether any criminal case is in progress against them or not. They themselves say that, they unlist the trading pairs which have low volumes of trade or less marketcap. They even unlist the pairs which is less popular. So what’s shocking in that? They delist and add new coins which are in demand and are in trend. Why would they keep the coins with low activity in their exchange?

They have the terms and conditions for sure and if there’s a coin/token that are not performing anymore and there is no activity, then they are delisting it maybe for the purpose of decongestion and for the purpose of introducing a new token pairs. We know how strict the Binance is and how popular it is, so once you get listed in Binance they are expecting for you to increase the activity on that exchange and as a project owner you should commit on that or else all that you have paid just to get listed will be wasted and you will be delisted.

that is true, there's nothing suspicious behind the delisting because that's their regular activity whenever a coin or token is not meeting their standards to be included in their active trading pairs.
just like other exchanges, they also delist inactive trading pairs. this is to lessen their operating expenses and other activities related to the maintenance of such trading pair.

[Captain Corporate]

It happens quite frequently to be fair, I mean its not really going to be all that shocking to see this, feels like something that would be all that confusing, its fine. Binance is a private company and they can do whatever they want, its not really all that interesting in the end. Just realize that they are free to do whatever they want, its a private company, owned by people, and if those people want to make sure that they keep making a profit, they are free to delist anything they want, there is nothing wrong with that. I understand that if one of the pairs that they are getting rid of is something you are holding, that must feel quite terrible to you, but its way too common for them to do this.

[Strongkored]

Usually, the main reason is low trading volume which does not provide any profit to the exchange or also problems in the development of the coin such as developers who are no longer active so the coin is like a dead coin so Binance delists it to protect their users and also to make their exchange profitable by listing other coins that have the potential to bring in more money from trading that coin, and there is nothing strange about the delisting. All exchanges will do the same thing when there are coins whose trading activities do not provide profits to their exchange business.

[dunfida]

Usually, the main reason is low trading volume which does not provide any profit to the exchange or also problems in the development of the coin such as developers who are no longer active so the coin is like a dead coin so Binance delists it to protect their users and also to make their exchange profitable by listing other coins that have the potential to bring in more money from trading that coin, and there is nothing strange about the delisting. All exchanges will do the same thing when there are coins whose trading activities do not provide profits to their exchange business.

As for business then it would be normal that they would really be putting focus and priority into those projects or coins that do generate out volume because we know that volume =  money. If things turns out to be non beneficial then this is where they would really be starting on to remove on things which are needed to be remove to be replaced by something which it could really make them money as simple as that.
Just like on what others been saying that despite of the current situations and issues that they are facing then the business must go on and make some money. Issues something like this could really be just that simply be forgotten.What matter most is on how they do make out that money and keeps on doing that. They would really be filling out those vacant spots directly whenever they are delisting one.
The cycle or system goes on and we know that getting listed on a known or number 1 exchange isnt something that so simple if we do speak about requirement and qualification.
Listed on Binance is never been simple for any project out there. It do really just turns out that there are projects which dont make it or didnt really get that attention or recognition.

[arjunmujay]

actually delisting is familiar, just like other exchanges, binance also has their own rules and standards to be displayed on their market. and I believe binance does this not without deep reasons. it could be in terms of the security level of a coin or token, its liquidity and the commitment of the project team, and so on.
so it's not because of the influence of the recent news about binance

[South Park]

actually delisting is familiar, just like other exchanges, binance also has their own rules and standards to be displayed on their market. and I believe binance does this not without deep reasons. it could be in terms of the security level of a coin or token, its liquidity and the commitment of the project team, and so on.
so it's not because of the influence of the recent news about binance

Regardless of the reasons binance may have had to do this, those which invest in altcoins need to always be ready for those kind of changes to take place, the owners of exchanges care not about the investors behind those coins, they care only about their own profits and if a coin is not presenting enough volume or for some reason it has become too problematic to keep it listed then they will get rid of it, it is that simple, and if that is the case those holding that altcoin need to have a plan to deal with that situation, as it is not rare for a significant drop to happen once that kind of announcement is made by an exchange.

[kotajikikox]

if you go to each of those markets on Binance or even on Coinmarketcap you can see that these coins don't have enough volume to be considered profitable from the exchange's point of view.
for example if you change the time steps in the https://coinmarketcap.com/currencies/bitshares/ page to 1 month you can see that excluding the recent dump of BTS, it was pretty much a dead market with little to no volume. and the recent dump is obviously caused by this news and people are panic selling this shitcoin to get rid of it prior to the delisting.

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 .

[Fatunad]

if you go to each of those markets on Binance or even on Coinmarketcap you can see that these coins don't have enough volume to be considered profitable from the exchange's point of view.
for example if you change the time steps in the https://coinmarketcap.com/currencies/bitshares/ page to 1 month you can see that excluding the recent dump of BTS, it was pretty much a dead market with little to no volume. and the recent dump is obviously caused by this news and people are panic selling this shitcoin to get rid of it prior to the delisting.
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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 .

Not everyone would really be all knowing on which means that there would be those people who would really be just simply be able to skip out on things on which they do really believe that it is really just that on that way without any valid reason or some sort. They do really just that simply trying out to make some questions instead on trying to look for those answers using up their own common sense but well asking in the community
wont really be that bad either but honestly if you do really just simply understand on how business works then you would be able to find out that it would be normal that these platforms would really be
removing into those projects who dont have volume and would be replacing for another one which does have tons. Making money is always been the main priority and it is really normal that
they would really be doing such step as a business then it would be a common approach.

Delisting and listing then it would really be just that an endless cycle because these platforms do need to make some revenue so it is really just that right that they
will really be putting up those kind of system for a certain duration period.

[Vaskiy]

Binance had notified users regarding the delisting. Same time the BUSD is getting conversion to FUSD. It looks like kind of marketing plans and I'm not sure of it. Lets wait and see as they've provided detailed schedule on delisting of trading pairs along with BUSD as well as requested users to convert to other assets or it gets automatically converted to FUSD on 1:1 ratio after the specified time period.

[TimeTeller]

Binance had notified users regarding the delisting. Same time the BUSD is getting conversion to FUSD. It looks like kind of marketing plans and I'm not sure of it. Lets wait and see as they've provided detailed schedule on delisting of trading pairs along with BUSD as well as requested users to convert to other assets or it gets automatically converted to FUSD on 1:1 ratio after the specified time period.

I think this is just normal action of a crypto exchange if they are seeing some disadvantages on their end.
So long they are informing their users and not just implementing the delisting of a particular pair without the knowledge of their traders.
Definitely, they are seeing some valid reasons not to continue its trading, it may be operational expenses, low trading volume among others.

[G_Besar]

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 also feel surprised that the OP doesn't understand the market, even though the OP himself or anyone else can see examples of things like that nearby or around him by looking at market owners who don't put unsold goods into their sales stalls. Because it will only take up space and keep your money from circulating and you will have to throw it away when it is rotten.

Likewise with the conditions in the crypto market where market owners have very naturally removed coins and tokens that are not selling or have died without any interest on the market list. Because this does not benefit the market owner at all and only makes it a useless collection of rubbish in the market, it is clear that this does not need to be understood in a complicated way because it is what the market should do.

[KiaKia]

I am not surprised, if you have been around for years you should know that Binance and Kucoin exchange always delists coins and tokens from their platform and I believe that's because they lack enough trading volume, which shows that many investors are not buying them or trading them, this has nothing to do with CZ stepping down as the exchange CEO.

This have been going on for a long time and almost every crypto exchanges do it, either big or small, they delist less performing coins from their exchanges, some projects don't ever come back after a while, that's the problem with alternative cryptocurrencies, they can stop to active anytime, this is why they are high risk investments.

[huu78]

I addition to what you have said, i think there was an announcement made already concerning their actions before they started it, do some were well aware that some certain coins will be delisted, what we should make sure we do is to investigate well in any cryptocurrency we are going for and make our research properly before choosing anyone, then after investing, we should take our asset off the exchange to a personal wallet which is a non custodial wallet, in doing this, we are free from any form of dramas that may be happening.

I think the coins delisted by Binance no longer have high volume and the project is no longer popular, Binance always provides notification before delisting.
So people should always monitor their notifications.

[jaberwock]

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?

[bitterguy28]

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?

Not sure why of all currencies and tokens that had been delisted from binance you are curious about these sets? are you using them for trading or staking?
what I do believe is the exchange has all the rights to List and delists projects but with formal notice and reason of course.

this will not tarnish their reputation instead this shows how their team working to make the exchange great again.

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

Binance exchange is a Huge business , I don't know what they need to feel guilt in something they have decided that will help theor company grow and profit more?