Binance, the largest cryptocurrency exchange by trading volume, made a new announcement. Meanwhile, it is thought that some coins may be listed on the exchange in line with the investments of Binance’s investment arm. Here are the details…
Binance delists 3 altcoin pairs
Binance, one of the world’s largest cryptocurrency exchanges, will delist spot and margin pairs as of mid-June. As of June 15, Binance will remove and stop trading on the following trading margin pairs:
- GNO/BTC
- SC/BTC
- XVG/BTC
On the other hand, Binance will remove and stop trading on the following spot trading pairs as of June 16:
- GNO/BTC
- MBL/BNB
- SC/BTC
- VTHO/BNB
- XVG/BTC
Users can still use the above assets on Binance You can trade it with other trading pairs in . On June 13, 2022, Binance will suspend isolated margin borrowing for GNO/BTC, SC/BTC and XVG/BTC. On June 15, 2022, Binance will close users’ positions, make an automatic payment and cancel all pending orders on GNO/BTC, SC/BTC and XVG/BTC isolated margin pairs, and then GNO/BTC, SC/BTC and XVG/BTC isolated margin pairs. will delist margin pairs.
Listing news for these altcoins?
On the other hand, as we have also reported as Kriptokoin.com, Binance’s investment arm, Binance Labs, is known for funding many projects. Considering that Binance usually lists the coins of these projects it has invested in, altcoin projects that have recently received investment from Binance Labs are curious. However, there is no indication that the exchange will definitively list the coins in question. Here are some of the coins Binance has recently invested in:
- Block Ape Scissors
- Stargate
- Nym Protocol
- Cere Network
- Manta Network
- Dora Factory
- Nine Chronicles
- Mathwallet
- NFTb
- ApolloX
- pSTAKE Finance
- Covalent
- Melos Studio
How are altcoins listed on Binance?
According to Binance’s CEO’s listing tips, the number of users is just one of many factors that influence a token’s listing on the crypto exchange. “If you have a large number of users, your product has value. This is the easiest to measure. Include user statistics in the application form. It will help significantly,” he says.
According to Sergei Khitrov, founder of crypto listing-focused platform Listing.Help, large crypto exchanges like Binance do not need to list small tokens because they mostly earn from trading volumes rather than listings. Khitrov states that this is not understood by many. He says the thing to work on is the creation of a community. He added that token creators are advised to start with smaller exchanges.
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