Top crypto exchange Binance has just announced a delisting action that will affect seven crypto trading pairs, including those of major cryptocurrency Cardano (ADA) and privacy token Midnight (NIGHT).
The delisting affects the Cardano BNB trading pair as well as the NIGHT BNB pair and other crypto assets paired against BNB, BTC, ETH, and USDC.
The crypto pairs affected are those of Cardano, Dusk, MultiversX (EGLD), Enso (ENSO), Lisk (LSK), Midnight (NIGHT) and S. They are given as ADA/BNB, DUSK/BTC, EGLD/ETH, ENSO/BNB, LSK/USDC, NIGHT/BNB and S/BNB. These trading pairs will be delisted on June 12 at 3:00 UTC.
The delisting of the Midnight trading pair comes months after the exchange listed the token. Binance listed the Midnight (NIGHT) token in March, opening spot trading for NIGHT with multiple pairs, including USDT, USDC, BNB, and TRY.
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Binance usually conducts periodic reviews of all the spot trading pairs it has listed and may delist some spot trading pairs due to multiple factors, such as poor liquidity and trading volume. This is usually done to protect users and maintain a high-quality trading market.
Delistings announced
Alongside the delisting, Binance will terminate spot trading bot services for the affected spot trading pairs ADA/BNB, DUSK/BTC, EGLD/ETH, ENSO/BNB, LSK/USDC, NIGHT/BNB and S/BNB on June 12 at 03:00 (UTC), where applicable. Users are urged to update and/or cancel their spot trading bots before the cessation of spot trading bot services to avoid any potential losses.
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On the same day, June 12, Binance will be conducting a delisting on its margin and loan platforms. The delisting will affect pairs of four crypto assets.
According to a recent announcement, Binance Margin and Loan will delist and cease trading on all margin trading pairs for XNO (Nano), IQ (IQ), QUICK (QuickSwap), and DGB (DigiByte) on June 12 at 3:00 UTC.
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