Binance, a top cryptocurrency exchange, will delist a series of trading pairs, including PENGU/BNB and ACT/BRL. The exchange will delist them on April 11, 2025, at 03:00 UTC. The exchange cites low liquidity and trading volume as major factors for the delisting.
Delisted Trading Pairs Overview
As part of its latest update, Binance will be deleting the following trading pairs:
- ACT/BRL
- ALPHA/BTC
- BLUR/BTC
- CELR/BTC
- PENGU/BNB
- POND/BTC
- RUNE/BNB
These pairs are mainly Bitcoin (BTC) and Binance Coin (BNB). The bot traders on these pairs will need to modify or cancel their orders to avoid eventual loss.
Market Response to the Announcement
After the announcement, the tokens in the delisted trading pairs recorded mixed price action. The price of ACT went up by 1.1%, whereas PENGU did not move, showing no short-term movement. RUNE went up by 1.3%, whereas CELR and BLUR recorded small increases of 0.2% and 0.1%, respectively. POND, on the other hand, went down by 0.7% after the announcement.
Reasons Behind the Delisting
Binance blamed “several reasons” for delisting the given trading pairs, attributing poor liquidity and low volumes of trades. They were detected during regular internal monitoring of trading pairs on the platform. Regular monitoring ensures a healthy trading platform for the users.
The announcement follows closely on the heels of the ACT team announcing that they would be looking into a remarkable price drop of nearly 50% in early April. The drop was accomplished within a short 30 minutes of trading on Binance, raising alarm among traders.
Implications for Traders
Traders who were trading the affected pairs must do so with utmost urgency. Besides suspending spot trading, the action by Binance also consists of suspending automated trading bot services involving delisted pairs. Bot settings unaltered as per the preset deadline can mean unintended trading loss.
The upcoming delisting of Binance on April 11 will impact some trading pairs such as ACT and PENGU. The traders need to plan to take steps to mitigate potential risks. Being updated during the events will enable users to explore the newly evolving trends in cryptocurrency trading.
