Key Points
- Binance will delist ALGO/FDUSD, CHR/ETH, DGB/BTC, GMX/BTC trading pairs.
- All four trading pairs will be removed on October 25, at 03:00 (UTC).
Binance announced the removal of four spot trading pairs on October 25, at 03:00 (UTC).
The exchange conducts periodic reviews of all spot trading pairs listed and decides to delist the ones that have poor liquidity or trading volume.
According to the official announcement, the exchange will remove the following trading pairs:
- ALGO/FDUSD
- CHR/ETH
- DGB/BTC
- GMX/BTC
Important Delisting Details
Binance will also terminate Spot Trading Bots for the spot trading pairs mentioned above on the same day, at 03:00 (UTC). To avoid potential losses, users are advised to update and/or cancel their Spot Trading Bots before the exchange terminates the services.
Binance noted that the delisting of a spot trading pair doesn’t affect the availability of the token on Binance Spot.
Users will still be able to trade the spot trading pair base and quote assets on other trading pairs that are available on the exchange.
Binance’s decision to delist the trading pairs affected the coin’s prices.
ALGO, CHR, DGB, and GMX Recorded Price Drops
Today, ALGO’s price recorded a drop of 3.3%, and the coin is now trading at $0.12. Algorand (ALGO) is a self-sustaining, decentralized, blockchain-based network supporting a wide range of apps, with secure, scalable, and efficient systems.
Chromia (CHR) is a modular blockchain platform that aims to make it easier for people to build dApps. CHR also recorded a price drop, following Binance’s announcement, and it’s now trading at $0.17, down by almost 5% today.
DigiByte (DGB) is an open-source blockchain and asset creation platform and it consists of three layers:
- A smart contract “App Store”
- A Public ledger
- The core protocol features nodes communicating to relay transactions
DGB also experienced a price today, of almost 1.5%.
GMX is a DEX for trading perpetual crypto futures with up to 50x leverage on popular digital assets including BTC, ETH, and more. The exchange runs on the Arbitrum and Avalanche blockchains, and the ecosystems are connected to the exchange via the Synapse cross-chain bridge.
Today, GMX token’s price recorded a drop of almost 3% and it’s currently trading at over $22.3.
Earlier, Binance also announced the delisting of 4 tokens on November 6.
