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Binance Delists Spot Trading Pairs for Uniswap (UNI), Optimism (OP), and Others

Binance Guides

Binance, the leading cryptocurrency exchange, has announced the removal and cessation of trading for several key cryptocurrencies, including Uniswap (UNI), Optimism (OP), and BakeryToken (BAKE), among others.

In a statement released on Friday, Binance stated that it would be delisting certain crypto trading pairs from its Binance Spot platform. This decision affects significant cryptocurrencies such as Uniswap (UNI), Optimism (OP), and BakeryToken (BAKE), among others. As a result, users will no longer be able to trade these cryptocurrencies in specific trading pairs, potentially impacting their price movements.

The delisting of trading pairs by the crypto exchange is a routine occurrence, often influenced by factors such as low liquidity, insufficient trading volume, or a lack of demand for certain pairs.

Binance’s Announcement Regarding Spot Trading Pair Delisting

In an official announcement on April 10, Binance disclosed that it would be removing six crypto spot trading pairs from its platform. The exchange clarified that this action is part of its regular review process of all listed spot trading pairs, aimed at safeguarding users and maintaining a high-quality trading environment.

The spot trading pairs set to be delisted by Binance are BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB.

These affected spot trading pairs will cease trading activity from 03:00 UTC on April 12. However, users will still have the option to trade these cryptocurrencies through other available spot trading pairs on the Binance platform.

Additionally, Binance will discontinue support for these spot trading pairs on its bot services. Users are advised to update or cancel their spot trading bots before the deadline to mitigate any potential losses.

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Price Movement of Delisted Cryptocurrencies

In response to the delisting announcement, the price of Uniswap (UNI) has experienced a slight decline of over 1% in the past 24 hours, currently trading at $11.10. Moreover, the trading volume has decreased by 5% during this period, indicating a decrease in market interest.

Similarly, Optimism (OP) and BakerySwap (BAKE) have both witnessed a decline of 6% and 4%, respectively, in the last 24 hours. The trading volumes of these tokens have also been adversely affected following Binance’s announcement.

Other cryptocurrencies, including Space ID, MOBOX, and Radiant Capital, have also experienced significant price decreases in the past 24 hours, with the downward trend persisting in recent hours.

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