Binance Delists Seven Cryptos, Including Shiba Inu and Chainlink, Citing Declining Trading Volumes

As CoinGape reported, Shiba Inu, Chainlink, Memecoin, Blur, Metis, NFPrompt, and Osmosis have been delisted by Binance crypto exchanges. Prices may decrease due to macroeconomic pressure.

Binance, the world's largest cryptocurrency exchange, announced on June 26 that it will be delisting and ceasing spot trading pairs for several crypto assets. TheBinance crypto exchange will停止 trading in SHIB/TUSD and LINK/TUSD pairs due to declining trading volumes as Binance scales back support for the TUSD stablecoin amid several issues. Other high-volume trading pairs will continue, including USDT, TRY, and FDUSD.

Binance will also停止 trading and delisting the following pairs on June 28: BLUR/FDUSD, MEME/ETH, METIS/FDUSD, NFP/BNB, and OSMO/BTC.

“Binance carries out periodic reviews of all listed spot trading pairs to protect users and maintain a high quality trading market,” the exchange stated. “The exchange delist selected spot trading pairs based on multiple factors, including poor liquidity and trading volume,” it added.

Moreover, Binance will be promptly discontinuing the Spot Trading Bots services for the above spot trading pairs following the delisting.

Binance Delisting Impacts Crypto Prices as PCE Inflation Data, Monthly Options Expiry Approach

Binance’s delisting announcements have typically affected crypto price movements, with the exchange boasting a 48% market share in the global crypto market. Moreover, the PCE inflation data and monthly options expiry are both due on Friday, which traders will be closely monitoring.

The price of SHIB has risen by 3% in the last 24 hours, but it has since pared some of the gains. A Shiba Inu is currently priced at $0.00001755, with a 24-hour low of $0.0000171 and a high of $0.00001818. The trading volume has decreased by 8% over the past 24 hours.

Meanwhile, the price of LINK rose by 1% before paring the gains. It currently trades at around $14.10, with a 24-hour high of $14.27. Moreover, the trading volume has decreased by 46% over the past 24 hours.

In the meantime, the price of MEME has risen by 1.43% in the last 24 hours, currently trading at $0.01997. Memecoin's trading volume has also decreased over the past 24 hours.

Photo: Microsoft Bing

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