Important Announcement from Binance for These 4 Altcoins: There is Delist!

Binance, the world’s largest cryptocurrency exchange by trading volume, shared its new altcoin announcements. According to Binance’s announcement, three trading pairs are delisted, while some parities are also listed. You can see the details of the listings in the rest of our news…

Three trading pairs are being delisted

Binance will delist a margin trading pair on July 6, 2022 at 6 am UK time. On July 7, 2022, the two spot trading pairs will be removed from the exchange. Binance often cites lack of volume or illiquidity as the reason when removing trading pairs. You can see the couples that will be delisted next week in the list below:

  • Margin pairs: Tribe (TRIBE) / Bitcoin (BTC).
  • Spot pairs: Aion (AION) / Ethereum (ETH), Tribe (TRIBE) / Bitcoin (BTC)

It is worth remembering that users can trade the above assets with other trading pairs available on Binance. Delist will take place after a certain process. First of all, as of the morning of July 4, Binance will suspend TRIBE/BTC isolated and cross margin borrowing. Then, on July 6, Binance will close users’ positions. It will make an automatic payment and cancel all orders in the TRIBE/BTC isolated and cross margin pair. After that, it will delist the TRIBE/BTC margin pair.

Binance adds two altcoin pairs to the exchange

In addition to the Delist news, Binance also announced the new listing news. According to Binance’s latest announcement, trading will open for two new altcoin pairs on July 1 at 15:00 CET. These couples are as follows:

  • Bella Protocol (BEL) / Ethereum (ETH)
  • Litentry (LIT) / Ethereum (ETH)
Binance Manager: I Have 30 Coins! I'm Bull On That Altcoin Bella Protocol (BEL) is a platform that provides a suite of DeFi products designed to make crypto banking simpler and more accessible. The protocol aims to create a better user experience by eliminating the high fees and slow transactions that can affect some Blockchain platforms. It also aims to improve the user experience through the simplified DeFi smart portal.

Litentry (LIT), on the other hand, is a decentralized authentication and user activity data management infrastructure. LIT is helping to support the shift in favor of a user-centric network with Blockchain. Litentry includes an identity-based network and related tools, includes an identity matching and identification mechanism. It consists of a decentralized identity and user activity data management infrastructure as a whole.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing site 3 months ago.