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Binance has announced the removal of three spot trading pairs from its platform. As per the recent announcement made by the exchange, ANIME/FDUSD, HYPER/FDUSD, and STO/BNB will be effectively scrapped from the platform on August 15.
In a statement, Binance explained that it conducts periodic reviews of all listed spot trading pairs and sometimes delists some due to factors such as poor liquidity and volume. The exchange recommended that users update or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses.
The removal of support from a major cryptocurrency platform like Binance typically has a negative impact on the prices of the affected cryptocurrencies. However, this does not seem to be the case in this instance. ANIME has surged by 16% daily, while HYPER and STO have posted more modest gains. These rallies coincide with the broader resurgence of many well-known altcoins.
Ethereum (ETH) is currently up 8% on a 24-hour scale and trades above $4,700, while Solana (SOL) has soared by 15% to surpass $200.
Source: cryptopotato.com
