Binance to delist FDUSD pairs for BCH, AVAX, LTC, SUI, ADA, LINK and TAO
Binance will scrap FDUSD spot and margin pairs for BCH, TAO, AVAX, LTC, SUI, ADA and LINK on Jan. 6, with limited price reaction across the tokens.
- Binance will remove cross and isolated margin pairs for BCH, TAO, AVAX, LTC, SUI, ADA and LINK against FDUSD on Jan. 6, citing no public reason.
- Users can no longer auto-transfer these assets into isolated margin and face caps on manual transfers tied to outstanding liabilities and collateral.
- Earlier delistings of StaFi, REI, Voxies, Flamingo, Kadena and Perpetual Protocol were followed by price drops, while new Cardano spot pairs briefly lifted ADA.
Binance announced plans to delist several cryptocurrency trading pairs on January 6, affecting tokens including Bitcoin Cash, TAO, Avalanche, Litecoin, Sui, Cardano, and Chainlink paired with the stablecoin First Digital USD, according to a company statement.
The exchange will remove both cross-margin and isolated margin pairs involving the affected cryptocurrencies on the specified date. Binance, which processes the highest trading volume among cryptocurrency exchanges globally, did not provide a reason for the delisting decision.
Users are no longer able to transfer assets of the affected pairs via manual transfers and Auto-Transfer Mode into their Isolated Margin accounts, effective immediately, according to the announcement. Users holding outstanding liabilities of the tokens may only manually transfer amounts up to their liabilities into their Isolated Margin accounts, less any available collateral.
Binance cutting FUSD
The common factor across all trading pairs being removed is the First Digital USD stablecoin. The affected cryptocurrencies showed minimal price volatility following the announcement.
Approximately one week prior, Binance had opened spot trading for Cardano and several other cryptocurrencies, though the service was unavailable to clients in certain jurisdictions including the United States, Canada, Cuba, Iran, and the Netherlands. Prices for Cardano and other listed tokens increased following that announcement.
In early December, Binance announced the removal of StaFi, REI Network, and Voxies, with prices of those assets declining after the announcement, according to market data.
In October, the exchange terminated services for Flamingo, Kadena, and Perpetual Protocol. Kadena’s valuation dropped following that statement, according to price records.
You May Also Like
IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!
US Jobless Claims Defy Expectations with Stunning 199,000 December Total
