The post Binance to Delist SUI, HMSTR, BNT, CYBER, and AEUR on December 20 appeared first on Coinpedia Fintech News
In a recent announcement, Binance revealed that it would be delisting several tokens from its platform’s spot trading pairs on December 20, 2024. The tokens to be delisted include SUI, HMSTR, BNT, CYBER, and AEUR. Following the news, the prices of these tokens have already begun to drop by almost 10%.
Binance’s Announce To Delist
Binance regularly reviews its listed tokens to ensure they meet the platform’s standards for liquidity and trading volume. If a token fails to meet these standards, it may be removed from the exchange. In this case, Binance has decided to delist the following spot trading pairs,
- BNT/ETH
- CYBER/TUSD
- EUR/AEUR
- HMSTR/BNB
- SUI/TUSD
These changes will take effect on December 20, 2024, at 03:00 UTC. Despite the delisting of these pairs, Binance reassured users that the tokens would still be available for trading against other pairs on the platform.
Token Prices Plunged Massively
After Binance’s announcement, the prices of the affected tokens have already taken a hit. Meanwhile, Hamster Kombat (HMSTR) saw a sharp 9% drop in just 24 hours, trading at $0.0030.
Similarly, Sui (SUI) also saw a 6% decrease, followed by the Bancor (BNT) and Cyber (CYBER) experienced 6% and 7% drops, respectively.
Anchored Coins (AEUR) also saw an 8% decrease in its value. These declines highlight how significant Binance’s influence is on the market.
Binance Announcement for Users
Binance also announced that Spot Trading Bots for the affected tokens will be discontinued after December 20, 2024. Users are advised to update or cancel their trading bots to avoid any potential losses.
While this move is part of Binance’s standard process to maintain the quality of the platform, it has certainly caused a stir among investors.