#Trading Pairs
Current dynamics and investment strategies for trading pairs in the Web3 industry are as follows:
Core Exchange Dynamics: Binance delisted 5 low liquidity trading pairs including ACX/FDUSD on June 6, while adding DAI/JPY and TRX/JPY yen trading pairs, and launched a zero market maker fee policy. This move reflects the exchange's optimization of liquidity structure, eliminating inefficient assets and shifting towards fiat channels and mainstream coins. XT Exchange has launched USDQ/USDC and USDR/USDC stablecoin trading pairs, indicating that small to medium platforms are competing for market share through stablecoin combinations, but caution is needed regarding the decoupling risks of such emerging stablecoins.
Market Hotspots and Risk Points: ZKJ Trading Pair: The trading volume of the ZKJ/USDT trading pair on the BNB Chain reached $6.8 billion in 24 hours (accounting for 50% of DEX total volume), but its market cap ranking is only 100+, raising significant suspicions of inflated trading volume. On-chain data shows that its liquidity pool size plummeted from $9 million, possibly due to control by the project team. Policy Benefits: The UK FCA plans to lift the ban on retail cryptocurrency ETNs, which is expected to attract over £2 billion in incremental funds, favorable for BTC/GBP, ETH/EUR and other fiat trading pairs.
Investment Strategy Recommendations: Short-term Opportunities: Pay attention to the newly launched DAI/JPY and TRX/JPY trading pairs on Binance, as the zero fee policy may trigger an influx of arbitrage funds; historical data shows that similar policies can increase trading volume by 300%-500%. Long-term Allocation: Prioritize mainstream stablecoin trading pairs like BTC/USDT and ETH/USDC, which have an average daily trading volume exceeding $10 billion, significant liquidity premium, and slippage losses below 0.1%. Risk Avoidance: Immediately liquidate positions in trading pairs such as BSV and LUNC that have been delisted by exchanges; historical cases show an average decline of 65% after delisting, with liquidity exhaustion occurring faster than expected.
Operational Recommendations: Aggressive investors may allocate 10% of their position to participate in short-term fluctuations of ZKJ/USDT, setting an 8% stop-loss line. Conservative investors should increase holdings in the DAI/JPY trading pair to hedge against exchange rate risks due to the depreciation of the yen. All positions should avoid the coins mentioned in the exchange announcements that are set to be delisted.
