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Binance To Delist These Crypto In BTC Trading Pairs, What’s Next?
Binance Margin will phase out several BTC margin trading pairs, including Band Protocol, Gitcoin, Highstreet, Perpetual Protocol, STP, and AVA. This affects both cross and isolated-margin trading options, reducing available pairs for users.
The exchange has cautioned users to close positions and transfer affected assets from Margin Wallets to Spot Wallets to avoid potential losses. However, despite the delisting news, coins like Highstreet and Perpetual Protocol have surged by 6% to 12% in price, while AVA, Gitcoin, BAND, and STP recorded modest gains of 1% to 2%. This mixed market response highlights varying investor sentiment across the affected assets.
Binance To Delist These Tokens
On December 3, Binance informed users about upcoming changes to its margin trading offerings. Several BTC trading pairs, including Band Protocol, Gitcoin, and Highstreet, will no longer be available for cross or isolated-margin trading.
According to the announcement, BAND/BTC and GTC/BTC cross-margin pairs, along with isolated margin pairs like AVA/BTC, HIGH/BTC, PERP/BTC, and STPT/BTC, will be removed. The delisting process begins on December 4, 2024, with the suspension of isolated margin borrowing. Full removal, including automatic closure of positions and cancellation of pending orders, will occur on December 11, 2024, at 06:00 UTC.
Binance, one of the top crypto exchanges, advises users to act proactively by closing positions and transferring funds to Spot Wallets ahead of these deadlines. While these pairs are being phased out, the underlying assets will still be tradable on other available pairs within the platform. These changes aim to streamline Binance’s offerings and better align with market demands.
Price Movements Of The Crypto Amid Delisting
November saw a bullish trend in the crypto market, with approximately $1 trillion added in just one month. This surge in market momentum has positively impacted several of the affected assets, despite Binance’s delisting announcement.
Band Protocol (BAND) price traded at $1.90, up 4% in the last 24 hours and 22% over the past week. GTC price surged 40% in the past week, reaching $1.20, and has gained 100% over the last month. PERP rose 7% to $1.03, marking a 20% increase in just one week.
Highstreet (HIGH) price also saw strong performance, up 12% to $2.04. Meanwhile, STPT price exchanged hands at $0.05, a 40% hike over the past month. AVA price was up 8%, priced at $0.72, reflecting a positive short-term outlook despite the upcoming delisting.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Leading crypto exchange Binance issued a crucial update on crypto Notcoin (NOT), Radiant Capital (RDNT), KAIA, and Aerodrome Finance (AERO) on Wednesday. Notably, the digital asset trading platform revealed that it is delisting certain pairs for two of the mentioned assets while expanding support for the other two. In turn, crypto market participants are speculating over the future price actions of these four coins amid a broader bull market.
Binance Issues Updates on NOT, RDNT, KAIA, and AERO
In an official Binance announcement dated December 4, the crypto exchange giant revealed that it is delisting NOT/BNB and RDNT/BTC on December 6 at 03:00 UTC. This decision by the exchange comes primarily to “protect users and maintain a high-quality trading market.” Further, the announcement revealed that Spot Trading Bots services for the abovementioned pairs are also to be discontinued on the same date and time. Overall, the delisting chronicle has raised severe concerns among investors, reducing the assets’ market visibility.
Simultaneously, in another announcement, the crypto exchange behemoth revealed that it is expanding trade offerings for KAIA and AERO tokens. The exchange is launching KAIAUSDT and AEROUSDT perpetual contracts on December 4 at 14:00 and 14:15 UTC, respectively. Users remain primed to enjoy 75x leverage trading these tokens. Overall, these enhanced trade offerings spark investor optimism, providing the assets with enhanced market visibility.
The leading cryptocurrency exchange‘s announcements on all four assets have set off mixed investor sentiments regarding prices. While the enhanced offering paves the path for further gains, the discontinuation of support has raised bearish sentiments.
How Are The Coins Delivering?
Despite Binance’s delisting announcement, RDNT price was up 13% and is sitting at $0.105. Its 24-hour low and high were $0.08658 and $0.1059, respectively. Even NOT price gained 7% to $0.009623. Its 24-hour low and high were $0.008376 and $0.009651, respectively. These tokens have defied usual market sentiments, although market watchers continue to monitor them.
Besides, KAIA price soared 2% intraday to reach $0.3573. Its 24-hour low and high were $0.2692 and $0.3754, respectively. AERO price witnessed gains worth 16% in the past 24 hours and is currently trading at $1.92. Its intraday low and high were $1.57 and $1.85, respectively.
Altogether, the rising actions could be the effect of a broader Q4 bull market. Nevertheless, market watchers continue to keep these coins on the radar for further shifts.
Also, it’s noteworthy that Binance announced delisting BAND, GTC, AVA, and other tokens in BTC pairs in another similar chronicle. The crypto exchange’s announcements appear to have a highly influential stance and remain much-eyed in the industry,
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Leading DeFi platform PancakeSwap on Wednesday marked a monumental stride, introducing a new token launch portal for BNB Chain, SpringBoard. This new platform is much-touted to be similar to Solana’s token launch platform Pumpfun.
PancakeSwap Launches SpringBoard Aiding Projects On BNB Chain
In an official announcement by PancakeSwap on December 4, the DeFi entity revealed that it is introducing an all-in-one platform to create and launch tokens on BNB Chain. This platform is called SpringBoard.
Notably, the newly launched portal is set to cause a stir in the market, offering revolutionary features. First off, no coding is required to create tokens on PancakSwap’s new portal. “Once you’ve configured your project’s name, ticker, and basic settings, your token will be live and ready for trading in minutes,” the announcement stated.
Further, the new portal also offers users low-cost and fair launch opportunities. This includes zero launch fee, transparent trading fees, and minimal seeding fee required for a token launch. Also, token launchers can choose multiple token pairings, ranging from BNB, USDT, and CAKE on this new portal. Additionally, another feature of the portal, the Farm Program, aims to offer projects increased liquidity with CAKE.
PancakeSwap’s announcement also offered a step-by-step guide for those looking to utilize the new platform for token launches. Further, in light of the new platform’s launch, CAKE price soared roughly 30% to $4.12. On the other hand, Solana’s Pumpfun has also garnered noteworthy attention amid this bull cycle.
Solana’s Pumpfun Gains Traction
CoinGape reported that Pumpfun achieved record-breaking monthly revenue in November, marking a 207% increase from October. This monumental stride comes against the backdrop of initial token launches such as WIF and POPCAT, followed by CHILLGUY, PNUT, MOODENG, and many others.
Simultaneously, the Solana-based token launch platform has also recently encountered significant backlash over its live-streaming feature. In the wake of this backlash, Pumpfun also suspended the live-streaming service the previous month. These chronicles have garnered significant attention to the Solana token launch platform. Meanwhile, PancakeSwap’s SpringBoard further remains poised to rival Pumpfun.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Ronin Network (RON) saw a 33.18% jump in transactions in the past 24 hours, reported on-chain analytics platform Nansen. The total transaction count reached 2.55 million, a clear sign of increased user engagement. This surge raises questions about the network’s future potential and whether it could trigger a price rally. As momentum builds, attention turns to its’s continued growth in the blockchain space.
Ronin Network Sees 2.55 Million Transactions and $1.2 Billion TVL
Nansen has reported a significant 33.18% surge in transactions on the Ronin Network over the past 24 hours, with a total of 2.55 million transactions processed. This surge indicates heightened activity within the ecosystem, pointing to increased engagement and possible future growth.
This uptick in transactions comes as RON solidifies its position in the blockchain space, especially with its strong association with the popular game Axie Infinity. Currently, Ronin has 1.22 million daily active addresses and a Total Value Locked (TVL) of $1.2 billion. Despite supporting only 15 games, Ronin’s low fees and scalability have made it a preferred blockchain for gaming and decentralized finance (DeFi) projects, driving continued adoption.
Looking ahead, Ronin Network is preparing for a major transition to a permissionless blockchain in Q1 2025, which is expected to further broaden its ecosystem. As these developments unfold, the recent surge in transactions could indicate that the network is gearing up for more significant growth, potentially resulting in an upward price movement for RON, its native token.
Price Movement Shows Bullish Momentum
Ronin Network (RON) price was trading at $2.36, reflecting a 8% increase in the past hour. Over the last 24 hours, its price fluctuated between $2.049 and $2.36, showing solid price action. The token has seen impressive growth, with a 35% increase in value over the past week and a remarkable 80% gain in the last month. Coinglass data indicate a significant increase in derivatives trading activity.
With a market capitalization of $824 million and a 24-hour trading volume of $56 million, RON has garnered significant attention in the market. The token’s recent performance, along with the surge in network transactions, suggests a growing bullish sentiment around the Ronin ecosystem. If the current momentum continues, RON price could see further upward movement, potentially benefiting from the expanding user base and upcoming network developments.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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