Binance To Delist These Bitcoin (BTC) Pairs, Here’s Everything
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 05 2024- Binance Delisting Announcement: Binance plans to delist specific margin trading pairs involving Bitcoin (BTC) on July 8, 2024, affecting DigiByte (DGB), Alien Worlds (TLM), and Voxies (VOXEL).
- Details of Delisting: DGB/BTC and TLM/BTC pairs in both cross and isolated margin categories will be removed, while VOXEL/BTC pair will be delisted from the isolated margin category.
- Impact of Bitcoin as Quote Currency: The delisting affects traders who use Bitcoin as a standard measure for their trades, reducing flexibility to trade lesser-known tokens against Bitcoin.
- Exchange's Advice to Users: Binance advised users to close positions and transfer assets from Margin Wallets to Spot Wallets before the delisting process begins to avoid potential losses.
- Binance's Optimization Efforts: The delisting is part of Binance's efforts to optimize its trading platform by aligning with market demands and regulatory requirements, ensuring a streamlined trading experience.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
