What should users do?

Binance, one of the world's largest crypto exchanges, has announced the cancellation of nine altcoin spot trading pairs.

This move, which is set to take effect on August 23 at 03:00 UTC, reflects Binance's efforts to improve market quality.

What should Binance users do?

Binance evaluates the performance of the listed trading pairs and removes those that do not meet the liquidity and size limits. The exchange says these measures protect users and maintain a high-quality trading environment.

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Couples to avoid include:

Try ARKM/TUSD CHZ/EUR ENA/EUR FIRO/BTC IOTA/FDUSD JOE/ OMNI/BNB REZ/BNB SUPER/FDUSD

Although this listing affects certain marketing channels, it does not eliminate individual brands from the platform.

“Users can still trade the basis of spot trading pairs and reference assets on other trading pair(s) available on Binance,” the crypto exchange explained.

Therefore, users interested in these pairs should revise their trading strategies accordingly. Importantly, the exchange will terminate services for these pairs of spot trading bots at the same time. Binance advises traders to cancel or update their automated trades to avoid possible financial losses.

Notably, this listing round did not affect the market value of the tokens involved. This stability stems from their presence in other trading pairs on Binance, which helps offset any negative effects.

However, the history of token listings on Binance suggests volatility. For example, Binance's removal of six altcoins last week resulted in significant price drops for those cryptocurrencies. In particular, Power Pool (CVP) and Ellipsis (EPX) were down 14% and 22% after the announcement of their withdrawal.

Read more: 11 Cryptos to Add to Your Portfolio Ahead of the Altcoin Phase

This trend has continued since last month when tokens like DOCK (DOCK) and Mdex (MDX) experienced significant declines of around 30% and 23.65% following their cancellations. These events shed light on the impact of exchange listings or delisting on altcoin prices.