The world\u2019s largest cryptocurrency exchange is known for rigorously overseeing every service and product offered on its platform and making swift adjustments whenever necessary.<\/p>\n
Most recently, it revealed the upcoming delisting of seven trading pairs. Check out whether the development has caused any major price swings for the affected digital assets.<\/p>\n
Binance will scrap<\/a> the following spot trading pairs: ADA\/BNB, DUSK\/BTC, EGLD\/ETH, ENSO\/BNB, LSK\/USDC, NIGHT\/BNB, and S\/BNB on June 12. The delisting effort follows the company\u2019s latest review, which \u0435valuates whether each pair meets key criteria such as sufficient liquidity.<\/p>\n The exchange assured that the move does not affect the availability of the aforementioned tokens on Binance Spot. \u201cUsers can still trade the spot trading pairs\u2019 base and quote assets on other trading pairs that are available on Binance,\u201d the announcement reads.<\/p>\n The delisting hasn\u2019t triggered major price volatility among the affected coins. This is rather normal, given that Binance has also ceased trading for selected pairs rather than terminating all services for a particular cryptocurrency.<\/p>\n The second scenario is usually much more devastating for the involved tokens. After all, Binance is the undisputed leader in its field, and withdrawing support results in weaker liquidity, diminished availability, and reputational damage.<\/p>\n What happened just a few days ago proved this theory. The exchange said goodbye<\/a> to Contentos (COS), Dar Open Network (D), Highstreet (HIGH), and MOBOX (MBOX), sending their prices south by more than 25% each. The biggest loser was COS, whose valuation tumbled by over 30%.<\/p>\n Cardano\u2019s ADA is among the tokens included in Binance\u2019s upcoming delisting, but its price has risen by nearly 2% over the past 24 hours and is trading just south of $0.17. Still, it remains one of the worst-performing cryptocurrencies lately, nosediving by almost 40% over the last month.<\/p>\n The downfall\u2019s main culprit seems to be the crisis in the entire crypto sector, during which Bitcoin (BTC) briefly crashed below $60,000, while Charles Hoskinson\u2019s words might also have played a role. Cardano\u2019s founder recently said<\/a> he\u2019s \u201ctaking a break\u201d and warned about an approaching \u201cwave of failures in the ecosystem.\u201d Most recently, he made another controversial claim, arguing<\/a> that his protocol is \u201cthe only ecosystem that can run the world.\u201d<\/p>\n Some analysts believe ADA is currently at a crossroads. X user Jesse Olson opined<\/a> that the token\u2019s monthly performance rhymes with that of 2018, meaning it is either \u201cdead\u201d or \u201cthis bear grind into 2028,\u201d when the price is predicted to reach almost $3.<\/p>\n The post Important Binance Update Affecting Cardano (ADA) And Other Altcoin Traders: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The world\u2019s largest cryptocurrency exchange is known for rigorously overseeing every service and product offered on its platform and making swift adjustments whenever necessary. Most recently, it revealed the upcoming delisting of seven trading pairs. Check out whether the development has caused any major price swings for the affected digital assets. Another Removal Binance will […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-177508","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/177508"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=177508"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/177508\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=177508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=177508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=177508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ADA Price Outlook<\/h2>\n