HomeNewsBinance to delist 25+ spot pairs, triggers altcoin selloff; AUD PayID deposits...

Binance to delist 25+ spot pairs, triggers altcoin selloff; AUD PayID deposits relaunched.

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Binance will delist multiple spot trading pairs on January 20 after finding they no longer meet liquidity and volume standards, the firm announced. The exchange also restored AUD deposits and withdrawals for Australian users on January 19, when Binance Australia re-launched PayID services.

Pairs slated for removal include 1MBABYDOGE/FDUSD, ADX/ETH, AGLD/BTC, ATOM/ETH, BTC/ZAR, ETH/ZAR, ORDI/BTC, TRB/BTC and others. “Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance.”

The delisting news triggered price drops for several tokens, with ORDI falling about 12 percent. Ed. note: broader market weakness likely amplified these declines.

Bitcoin briefly slipped to about $92,000 amid the same market move. Binance also said it will open BTC/U and LTC/USD1 trading on January 20 and enable trading bot services for those pairs, as stated.

To mark the PayID return, Binance Australia introduced a PayID Meme Challenge with winners selected on January 23.

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