Binance delists 23 trading pairs on January 20: What should altcoin traders know?

Binance announced that it will delist 23 trading pairs starting from January 20 as part of a regular review of currency pairs that do not meet standards such as liquidity and trading volume.

Pairs mentioned include:

1MBABYDOGE/FDUSD, ADX/ETH, AGLD/BTC, ATOM/ETH, BTC/ZAR, ETH/ZAR, ORDI/BTC, TRB/BTC

There are other pairs besides this.

The platform confirmed that this procedure does not mean the currency itself is removed from Binance, as users can continue to trade the same assets through other available currency pairs on the platform.

Prices for many currencies fell after the news broke, a common reaction as delisting pairs reduces liquidity and visibility.

The digital currency ORDI was one of the most severely affected digital currencies, with a decline of approximately 12%.

The overall market decline also added to the pressure, especially amid political tensions between the United States and the European Union, with Bitcoin temporarily falling to around $92,000 and alternative currency prices generally falling.

In a separate update regarding Australia, Binance announced the relaunch of Australian dollar (AUD) deposit and withdrawal services after a previous suspension due to an external payment provider.

The platform added that it will open trading on the BTC/U and LTC/USD1 currency pairs on January 20 and activate the “trading bot” service for the same pairs on the same day.

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