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Binance Delists Multiple Crypto Trading Pairs, Causing Price Drops

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$C98
$ENJ
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CoinGape
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Jan 8, 2025

Binance has announced the removal of several spot and margin trading pairs, including Axelar ($AXL), Coin98 ($C98), and Enjin Coin ($ENJ), due to poor liquidity and low trading volume. This decision has led to significant price drops for these tokens, with $AXL falling by 12%, $C98 by 15%, and $ENJ by 14%. The delisting will take effect on January 10, and users are advised to adjust their trading strategies accordingly. Additionally, Binance will delist margin pairs for Bella Protocol ($BEL), $NULS, Lisk ($LSK), Litentry ($LIT), and SafePal ($SFP), with restrictions starting January 9. The delisting has raised concerns about liquidity and market volatility, especially amid a broader crypto market downturn. Binance also suspended Troy token BSC deposits due to security issues, causing a 40% price drop for Troy.

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