The world’s premier cryptocurrency exchange, Binance, is preparing to remove multiple spot trading pairs, which may influence the trading behavior of many altcoin investors.

The announcement also highlighted additional significant updates, including the reintroduction of a service that affects users in Australia.

Pairs Being Removed

Binance consistently evaluates and delists trading pairs that fail to meet essential criteria like trading volume and liquidity. As part of its latest review, the exchange announced that pairs such as 1MBABYDOGE/FDUSD, ADX/ETH, and several others will be removed from their platform starting January 20.

Importantly, users will still be able to trade the base and quote assets of these pairs on alternative trading options available on Binance. The delisting is expected to affect the market visibility and liquidity of the cryptocurrencies involved, leading to substantial price declines, particularly for ORDI, which saw a 12% drop following the announcement.

ORDI Price ORDI Price, Source: CoinGecko

The broader cryptocurrency market’s downturn has also contributed to these challenges, with Bitcoin recently falling to $92,000 amid rising geopolitical tensions involving US President Donald Trump and the EU.

Further Developments

Earlier in 2023, Binance Australia had alerted its customers regarding the suspension of fiat withdrawals through the PayID system, prompting concerns within the community.

Additionally, Binance recently re-launched AUD deposits and withdrawals, complemented by the introduction of the PayID Meme Challenge.

To top things off, Binance is set to enable trading options for BTC/U and LTC/USD1 on January 20, which will include the activation of trading bot services for these pairs.

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