Binance, a prominent exchange, has recently carried out its routine removal of specific token pairs from its platform. According to the latest announcement, the pairs affected primarily involve Bitcoin.

Binance Delists BTC Pairs

Binance has announced the discontinuation of support for DGB/BTC and TLM/BTC on its Cross Margin market, as well as DGB/BTC, TLM/BTC, VOXEL/BTC on the Isolated Margin segment. These pairs are scheduled to be delisted starting from July 8.

Token delisting is a regular practice by Binance, a major player in the cryptocurrency market known for its high daily trading volume. The platform has been expanding its token pair offerings in recent years.

The decision to list or delist tokens is influenced by market dynamics, with delistings commonly occurring when trading volumes fall below a certain level. Additionally, regulatory factors may lead to the removal of certain assets.

In response to these developments, Binance has advised users with active trades involving the delisted pairs to close their positions before the stipulated deadline. Users who fail to do so will have their trades settled automatically, and the remaining balance will be deposited into their spot wallets.

Binance Dual-Faced Market Approach

Binance has a history of both listing and delisting unique token pairs as part of its strategy to maintain its competitive position in the industry.

Despite the attention garnered by its delisting actions, Binance also frequently introduces new pairs to its platform alongside delistings. An earlier report clarified that Shiba Inu (SHIB) had not been delisted, contrary to circulating rumors following the removal of certain SHIB trading pairs by Binance.