Two of the world's largest cryptocurrency exchanges, Bybit and Binance, have announced the removal of several spot trading pairs, effective in late June 2026. The moves, while routine, could influence liquidity and short-term price action for the affected tokens.
Bybit will fully delist three tokens — IMU, PENGUIN, and SPELL — from its spot market on June 30 at 8:00 a.m. UTC. After the deadline, all open orders will be automatically canceled, and users holding these tokens may face restrictions on withdrawals or conversions. The exchange has not disclosed specific reasons, but such decisions typically follow periodic reviews of trading volume, project development, regulatory compliance, and community engagement. Traders have a narrow window to move assets to external wallets or alternative platforms before the cutoff.
Binance, meanwhile, is removing four specific trading pairs — ME/USDC, NOT/FDUSD, PARTI/BNB, and SUPER/BTC — on June 26 at 3:00 a.m. UTC. Unlike the Bybit delisting, this action does not remove the underlying tokens (ME, NOT, PARTI, and SUPER) from the platform; they remain tradeable through other available pairs. Binance regularly reviews pairs to maintain sufficient liquidity and market integrity, and the decision likely reflects low trading activity for these specific combinations.
For holders of the affected tokens, the announcements bring both immediate logistical concerns and potential secondary effects. Reduced exchange availability can trigger short-term volatility, especially for tokens with limited alternative listings. Bybit's full delisting of IMU, PENGUIN, and SPELL is likely to have a more pronounced impact, as these projects lose access to a major centralized venue. In contrast, Binance's pair removals are narrower in scope, though they still require traders to adjust strategies by shifting to other supported pairs.
Market participants are advised to monitor official exchange communications for any further updates on withdrawal windows and associated policies. As always, understanding exchange mechanics is essential for risk management in the crypto space.
