In the early hours of the day, Binance exchange announced that 11 trading pairs would be delisted. The announcement indicated that these trading pairs would be removed from the margin trade listings. Binance has made similar decisions in the past. The decision can generally be attributed to various factors such as low liquidity and trading volumes not reaching desired levels.
The 11 Trading Pairs to Be Removed
Binance, frequently mentioned in recent listing news, seems not to be late in taking its share of the pie with its swift actions. In addition, the exchange announced that it would remove a total of 11 trading pairs for various reasons. The announcement was as follows:
Binance Margin will delist the AERGO/BTC, BETA/BTC, DREP/BTC, FARM/BTC, FIRO/BTC, PLA/BTC, POWR/ETH, SAND/ETH, VITE/BTC, ZEN/BTC, and ZEN/ETH isolated margin pairs as of 2024-02-16 06:00 (UTC).
Binance Listings and Dymension (DYM)
In recent days, a major issue occurred specifically with RONIN, and news of company employees leaking information had a bombshell effect on the market. Following this, Yi He, a co-founder of the company, made a statement ensuring that such an incident would not happen again.
Not stopping there, He also announced a reward system, demonstrating the company’s determination to prevent such incidents, and reassured investors once more. The announcement declared that rewards up to 5 million dollars would be given to those who identified and reported insider information leaks.
After all these events, the Dymension (DYM) listing conducted by Binance last evening seemed to fully vindicate He. Following the listing, the price of the new market entrant surged but has since pulled back a bit. Nevertheless, as of the time of writing, it is trading at $5.2, up 32%.
During this period, the overall volume of DYM continued to rise. As of the time of writing, DYM was steadily approaching the 1 billion dollar level, having already surpassed the 700 million dollar threshold. The trading volume was at 427 million dollars.