Binance to Remove 23 Trading Pairs on January 20: What Altcoin Traders Need to Know

Check out the latest and most important changes made by Binance.

The company announced other significant developments, including the relaunch of a major service impacting Australian users.

Delete these pairs

Binance has a habit of removing pairs that no longer meet required criteria, such as solid liquidity and trading volume. Based on the most recent analysis it is announced that 1MBABYDOGE/FDUSD, ADX/ETH, AGLD/BTC, ATOM/ETH, BTC/ZAR, ETH/ZAR, ORDI/BTC, TRB/BTC and 15 other pairs will be removed from the platform.

The effort is scheduled for January 20 and the exchange noted that it will not impact the availability of the tokens on Bonance Spot. “Users can still trade the basic spot trading pair and list assets on other trading pairs available on Binance,” the official disclosure reads.

The majority of cryptocurrencies involved in the process have seen significant drops following the news, which is a fairly normal reaction. After all, Binance is the undisputed leader in its field, and withdrawing support reduces liquidity and visibility for the affected tokens while damaging their reputation. ORDI (ORDI) seems to have been hit the hardest, with its valuation down around 12%.

Of course, the downturn in the broader crypto market could also have played a negative role. Bitcoin (BTC) temporarily fell to $92,000 while many altcoins witnessed double-digit price losses amid escalating tensions between US President Donald Trump and the European Union over the Greenland saga.

Additional updates

In mid-2023, Binance Australia informed its users that fiat withdrawals to local bank accounts via the PayID system would be suspended. It showed that the decision was made by a third-party payment provider.

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However, earlier today (January 19), the company announced relaunched Deposits and withdrawals in AUD. To celebrate this move, Binance Australia introduced the PayID Meme Challenge, as the five winners will be chosen on January 23.

Meanwhile, Binance said it will open trading for BTC/U and LTC/USD1 on January 20. On that date, it will also allow trading of collision services for the same pairs.