Binance announced the delisting of spot trading pairs for SUI, HMSTR, BNT, CYBER, and AEUR on December 20.
Sui (SUI), Hamster Kombat (HMSTR), Bancor (BNT), Cyber (CYBER), and Anchored Coins (AEUR) are scheduled to be delisted by Binance due to their underperforming trading pairs. These tokens experienced substantial price declines after the announcement, with SUI and HMSTR experiencing a 6% and 10% decline, respectively, while others experienced a dip ranging from 5% to 10%. This indicates a lack of liquidity and trading volume, which prompted the exchange to decide to improve users’ trading experience.
Nevertheless, these tokens will continue to be accessible on Binance through other active trading pairs despite the delisting. Despite recent price fluctuations, it continues prioritizing market efficiency and ensuring users have access to popular assets.
Binance has announced the delisting of five spot trading pairs
As part of its routine market reviews, Binance declared on December 18 that it would eliminate five underperforming spot trading pairs. The exchange underscored that the decision is consistent with its objective of preserving a high-quality trading environment for users. To guarantee an optimal user experience, Binance conducts periodic evaluations of all listed trading pairs, which are determined by factors such as liquidity, trading volume, and market performance.
HMSTR/BNB, BNT/ETH, CYBER/TUSD, AEUR/EUR, and SUI/TUSD are the trading pairs that will be delisted. The delisting will be implemented at 03:00 UTC on December 20. Binance has clarified that the tokens—Sui, Hamster Kombat, Bancor, Cyber, and Anchored Coins—will no longer be tradable on these pairs. However, users can continue to trade them on other available pairs on the platform.
Furthermore, the leading crypto exchange will concurrently terminate the Spot Trading Bots services for these pairs. It is recommended that users update or cancel their trading bots in advance to prevent potential losses. The action emphasizes its dedication to enhancing market efficiency and protecting users by simplifying its trading offerings.
Significant Price Decreases in SUI, HMSTR, and Other Tokens
In the past 24 hours, the price of Sui (SUI) has decreased by 6%, currently trading at $4.49. Despite this recent decline, it has experienced a 22% increase in the past week and a 19% increase in the past month. Its 24-hour low and high were $4.45 and $4.86, respectively.
The price of Hamster Kombat (HMSTR) has experienced a more significant 10% decline in the past 24 hours, currently trading at $0.0029. Additionally, the token’s value has decreased by 23% in the past month. HMSTR has a market capitalization of $193 million and a 24-hour trading volume of $43 million.
Trading at $0.811, Bancor (BNT) experienced a 5% decline. The price of Cyber (CYBER) decreased by 6%, which is currently priced at $4.3. Anchored Coins (AEUR) experienced a 10% decline in value, trading at $0.88. These declines clearly indicate the exchange’s substantial influence on market participants.
On December 25, Binance also disclosed the delistings of Kaon (AKRO), Bluzelle (BLZ), and WazirX (WRX), in addition to those above. According to recent reviews, Binance has decided to suspend trading on all spot trading pairs for these tokens at 03:00 (UTC) on the specified date.