Binance to Delist ADA/BNB and Six Other Spot Trading Pairs on June 12

7 hour ago 4 sources neutral

Key takeaways:

  • Cardano's stability after ADA/BNB removal signals robust market confidence in its ecosystem.
  • Unlike past delistings, muted reaction shows investors now separate exchange pairs from token fundamentals.
  • Binance's pair reviews offer traders early signals of fading liquidity in niche altcoins.

Binance has announced the delisting of seven spot trading pairs, including ADA/BNB, DUSK/BTC, EGLD/ETH, ENSO/BNB, LSK/USDC, NIGHT/BNB, and S/BNB, effective June 12 at 03:00 UTC. The decision follows a routine review that evaluates factors like liquidity and trading volume, and is intended to maintain a high-quality trading market.

The affected pairs involve notable assets such as Cardano (ADA) and the privacy token Midnight (NIGHT), but the exchange clarified that the delisting does not impact the availability of the tokens themselves. Users can still trade these assets via other available pairs on Binance Spot. Spot trading bot services for the same pairs will also be terminated simultaneously, and traders are advised to cancel or update their bots to avoid losses.

In a separate move, Binance Margin and Loan will delist and cease trading on all margin trading pairs for XNO (Nano), IQ (IQ), QUICK (QuickSwap), and DGB (DigiByte) on the same date. The market reaction has been muted, with no significant price volatility observed among the affected tokens, unlike a recent delisting of COS, D, HIGH, and MBOX that caused drops of over 25%.

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