Introduction

Cryptocurrency trading platforms, including Binance, regularly review their assets to ensure they meet high standards of quality, security, and performance. In December 2024, Binance plans to remove several trading pairs and tokens from its platform. This decision is based on strict criteria, including liquidity, trading volume, and project activity.

Cryptos concerned

1. Main tokens affected: $GFT, $IRIS, $KEY, $OAX, and $REN, associated with trading pairs such as GFT/USDT, IRIS/BTC, OAX/BTC, and REN/USDT. These assets will have their trading activities suspended starting December 10, 2024.

2. Specific GBP Pairs: Other major pairs including XRP/GBP, SOL/GBP, ADA/GBP, and BTC/GBP will be removed by December 29, 2024.

Reasons for delisting

Binance has indicated that these tokens no longer meet its periodic valuation criteria. Factors include:

  1. Low transaction volume.

  2. Insufficient liquidity.

  3. Failure of projects to maintain their development activity.

These deletions aim to protect investors while maintaining a stable and secure trading environment.

Potential impacts

1. For investors:

Users must liquidate or transfer their tokens to external wallets before the deadlines to avoid losses. After December 11, deposits will no longer be accepted, and withdrawals will be limited until February 2025.

The prices of the affected tokens could experience increased volatility or a significant decline due to reduced accessibility.

2. For tokens:

Delisting reduces their overall liquidity and could be perceived as a lack of confidence on the part of investors.

However, some tokens, like Solana (SOL), have shown unusual resilience after such deletions.

Recommendations for users

Check your portfolios: Transfer your assets from your margin portfolios or other related products before expiry dates.

Anticipate impacts: Review token details and consider alternatives if these projects remain critical to your investments.

Diversify your positions: Avoid focusing on assets that are vulnerable to drawdowns.

Conclusion

Delisting is part of Binance’s strategy to streamline its offerings and maintain market quality. While these changes are sometimes viewed negatively, they strengthen the overall ecosystem by eliminating underperforming assets.