Binance Announces Delisting of 8 Trading Pairs

On the official Binance website, information appeared that Changpeng Zhao's company will delist 8 trading pairs. They will include 4 different cryptocurrencies, as reported in a Binance press release. Traders who liked working with ANC, MIR, TORN and IFII are in for some bad news.

The following pairs will be deleted on December 27: ANC/BNB, ANC/BTC, ANC/USDT, MIR/BTC, MIR/USDT, TORN/BTC, TORN/USDT and IFII/BTC. Until December 27, all users have the opportunity to withdraw their funds from these assets. It is no longer possible to get finance there. At 03:00 UTC +0, all of the above pairs will be deleted.

The press service reports that these assets may not initially be available in some countries and regions where Binance operates. Notably, users will be able to trade with ANC, MIR, TORN and IFII in pairs with other assets that will be available on the exchange.

The administration of the cryptocurrency platform recommends that traders close their open orders associated with the listed pairs in order to avoid possible losses, and also refuse to use strategies for the same purpose.

If traders have open orders, they will be automatically closed on December 27 at 03:00 UTC +0.

Anchor Protocol has been removed from three trading pairs

For what reasons such a decision was made, it was not said, however, analysts suggest that the case is due to the low liquidity of funds in trading pairs. Usually, the administration of cryptocurrency platforms resorts to delisting due to low liquidity or too high risks that traders can expect, as well as violations of other rules.

It is worth noting that other cryptocurrency platforms are also delisting due to pressure from financial regulators. We recently reported on the removal of 16 tokens from Huobi. If you missed this material, then we invite you to familiarize yourself with it by clicking on this link.

Binance experienced serious problems last week after receiving criticism from management for an audit conducted by Mazars, which checked the availability of reserve funds in case of force majeure. Although Mazars, known for conducting an audit of the company of former US President Donald Trump, found that the cryptocurrency platform has a reserve of 101% of user funds, experts believe that the Binance management is still hiding something.

Due to such news and distrust caused by a number of other factors, users of the Hong Kong exchange withdrew a total of $6,000,000,000 of their savings.

Earlier, we talked about the positive aspects of the Binance exchange. The US division acquired the assets of the failed Voyager Digital for $10,000,000, which can be read here .