Why Binance is removing these popular Altcoin pairs next week

See which margin trading pairs will be removed from the Binance platform on January 6.

One of the cryptocurrencies involved in the process is Cardano (ADA), whose price fell 3.5% on December 30.

See you soon for these couples

Binance revealed that it will remove the following margin pairs on January 6: BCH/FDUSD, TAO/FDUSD, AVAX/FDUSD, LTC/FDUSD, SUI/FDUSD, ADA/FDUSD and LINK/FDUSD. On that date, it will also remove the isolated margin pairs related to the same cryptocurrencies.

“Effective immediately, users will not be able to transfer any amount of assets of the above-mentioned pair(s) via manual transfers and automatic transfer mode to their Isolated Margin accounts. If users have outstanding liabilities of said tokens, such users will only be able to manually transfer the amount of liabilities of that token to their Isolated Margin accounts, minus any collateral already available,” the announcement reads.

The common denominator of all trading pairs slated for delisting is the stablecoin First Digital USD (FDUSD), with Binance unable to provide a reason for its decision.

The non-stablecoin cryptocurrencies experienced little to no volatility following the news. Typically, more substantial movements are observed when a coin is first introduced to the market or when all services involving a particular token are terminated.

The previous updates

About a week ago, the exchange released a new update that affected Cardano traders. This time, it opened trading for ADA/USD1 and the pairs ASTER/USD1, LUNA/USDC, LUNC/USDC and ZEC/USD1 on Binance Spot.

The new service is not available to all customers as customers residing in the United States, Canada, Cuba, Iran, the Netherlands and other countries are excluded. After the announcement, ADA’s price rose 4%, while ASTER rose 3.5%. For its part, LUNA experienced a double-digit increase.

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In early December, Binance announced the delisting of StaFi (FIS), REI Network (REI), and Voxies (VOXEL). Prices of affected assets headed south following the news.

The same thing happened in October when the company ended all services with Flamingo (FLM), Kadena (KDA) and Perpetual Protocol (PERP). KDA suffered a major blow, with its valuation dropping by around 30% after the statement.