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Binance Just Dropped 11 Pairs: Is Your Token Affected?
In a recent move, Binance has delisted 11 cryptocurrency pairs from its platform. This sudden decision may have left many users wondering whether their favorite token is on the list.
As reported by U.Today, this drastic measure aims to ensure that only top-notch and widely-adopted assets continue to be traded on the exchange. CZ, the founder of Binance, has taken a stance against low liquidity tokens, which he believes can create unnecessary market volatility.
CZ shares crucial advice for traders: “We have always believed in giving our users freedom and choice, but we also believe that it’s essential for us to make decisions that benefit everyone involved.”
Binance’s decision comes as no surprise, given the ever-evolving crypto landscape. With this development, users are left with more manageable options, reducing the risk of trading low-liquidity assets.
The 11 delisted pairs include Metal (MTL), a payment-focused platform rewarding users for converting fiat to crypto; True USD (TUSD), a stablecoin pegged to the US dollar; and other infrastructure-focused projects like QuarkChain (QKC) and Radworks (RAD).
Source: u.today
