Binance will delist spot trading pairs for ACT, PENGU and more

Binance warns the traders that he will set up several points of trading of points with tokens like Act, Alpha, Blur, Pengu and others on April 11.

According to a notice Published on April 9, the Crypto Exchange said that it would close several points of points trading, a majority of spot trading pairs being linked to Bitcoin (BTC) and Binance’s play (Bnb). From April 11 at 3:00 am UTC, Binance will no longer support trade for ACT / BRL, Alpha / BTC, Blur / BTC, CELR / BTC, PEGGU / BNB, POND / BTC and Rune / BNB.

At the same time, the EXCHAGE crypto will also terminate the BOT SPOT BOT services for the spot trading pairs mentioned in the advertisement. Consequently, traders must update or cancel their cash trading robots linked to the pairs before the date of radiation to avoid undergoing potential losses.

Shortly after the publication of the announcement, the tokens included in the trading pairs of radiated spots have always seen modest gains for the most part. Pingou of the grassuated penguin (Promises) saw no price movement one hour after the opinion, while act I the prophecy of AI (ACT) saw its price increase by 1.1%.

In the meantime, Thorchain The rune token experienced an increase of 1.3%, while the CELR and the vagueness increased by 0.2%and 0.1%. The only token to undergo a drop in value after the radiation announcement was laid, which dropped by 0.7%.

Although the reasons for the decision to smooth each pair of spot trading are not clearly indicated, the scholarship cited that it was due to “multiple factors, such as low liquidity and trading volume”. These factors were discovered during periodic examinations of the internal team of trading pairs of listed spots.

The advertising announcement comes only a few days after the team behind Act announcement that he would launch an investigation into the sharp drop in the prices of the token on Binance. On April 1, the law / USDT dropped by almost 50% within 30 minutes of trade on the platform.

Not only does that, several others altcoin Trading pairs have also experienced decreases ranging from 20% to 50% on Binance from April 1 to April 3.