Binance Delists Key BNB & ETH Pair; What’s Next?
The leading global crypto exchange Binance has announced the removal of key trading pairs involving Binance Coin (BNB) and Ethereum (ETH). The exchange will cease trading for BNB/UAH and ETH/UAH pairs on February 28, 2025, citing low liquidity and trading volume. This move has triggered concerns about potential price volatility, especially as the broader crypto market faces turbulence.
Why Binance Is Delisting These Pairs?
Binance frequently reviews its trading pairs to ensure market stability and high-quality trading conditions. According to the exchange’s latest announcement, the exchange is delisting BNB/UAH and ETH/UAH due to weak liquidity and trading activity. Binance clarified that users can still trade BNB and ETH with other pairs on the platform, but these specific pairs will no longer be available.
The exchange also warned users that its Spot Trading Bots services for these pairs would be terminated on the same date. Traders relying on automated strategies must update or cancel their bots before the cutoff to prevent financial losses.
Binance Delisting Impact On BNB & ETH
The delisting of a trading pair, especially by the leading crypto exchanges like Binance, often raises concerns about price stability. While the removal of BNB/UAH and ETH/UAH may not directly impact global trading, it does indicate a weakening demand for these assets in the Ukrainian market. If traders react negatively, it could trigger short-term price fluctuations for both BNB and ETH.
Additionally, the crypto market has recently faced a significant downturn, with major assets struggling to maintain support levels. This latest move by Binance might further impact investor sentiment, particularly for traders focusing on BNB and ETH.
What Traders Should Watch Next?
Investors should focus on the following aspects with this latest delisting announcement from Binance:
- Alternative Trading Pairs: Binance confirmed that BNB and ETH remain tradable on other pairs. Investors should explore available options to continue their trading strategies.
- Market Sentiment: A drop in liquidity for these assets could indicate declining interest. Traders should monitor volume changes on Binance and other exchanges.
- BNB and ETH Price Movements: With the broader market in a fragile state, any additional FUD (fear, uncertainty, and doubt) could impact BNB and ETH prices. Watching resistance and support levels is crucial.
- Binance’s Future Moves: Binance has been making several changes to its offerings, including delisting underperforming assets. Keeping an eye on further updates from the exchange will help traders stay ahead.
How ETH & BNB Prices Are Performing?
Despite the delisting announcement, both BNB and ETH stayed in the green today. Meanwhile, most of the top altcoins and Bitcoin prices have faced massive volatility recently amid a broader crypto market crash. However, the market has witnessed a bounce back today.
During writing, BNB price was up around 5% and exchanged hands at $627.34. The token has touched a 24-hour high and low of $630.82 and $596.70, respectively. On the other hand, ETH price today was up around 4.5% to $2,480, while touching a 24-hour high of $2,529.
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