This Monday, Binance confirmed the removal of 23 spot trading combinations, including assets such as ORDI/BTC, ATOM/ETH, and 1MBABYDOGE/FDUSD. The company’s official statement indicates that this decision follows its periodic reviews of liquidity and trading volume, aiming to ensure an efficient market environment for its users.
The measure will take effect on Tuesday, January 20, and has already generated a negative impact on valuations, with ORDI recording a drop of nearly 12% following the announcement. The reduction of visibility and liquidity on the world’s largest platform typically penalizes altcoins, especially in a volatile context where the geopolitical conflict over Greenland is pressing prices downward.
Despite the cuts, Binance also announced the relaunch of AUD deposits for Australia and the opening of new pairs such as BTC/U. Investors should monitor the stability of the affected tokens and adjust their trading strategies before the official closure, as the availability of the base assets will be maintained only through other secondary trading pairs.
Source:https://www.binance.com/en/support/announcement/detail/811fb1daf8804536bcfa3a0bafcc6cec
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