Binance Will Delist Eight Altcoin Spot Trading Pairs on December 10

Affected Trading Pairs

The trading of the following pairs will no longer be available:

• Gifto (GFT/USDT): A Web3 blockchain solution.
• IRISnet (IRIS/BTC, IRIS/USDT): A service protocol and cryptocurrency.
• SelfKey (KEY/USDT): A blockchain-based self-sovereign identity system.
• OAX (OAX/BTC, OAX/USDT): A crypto exchange platform by ANX International.
• Ren (REN/BTC, REN/USDT): An open protocol enabling cross-chain liquidity.

Binance will automatically remove all trade orders related to these pairs once trading ends.

Why Binance is Delisting These Pairs

Binance regularly reviews its listed tokens to ensure they meet its standards for liquidity and trading volume. Tokens that fail to maintain these thresholds are removed to protect users and preserve a high-quality trading environment.

The exchange has advised users to review their portfolios and update or cancel trading bots linked to these pairs to prevent unexpected losses.

Market Reaction

The announcement caused immediate price drops for GFT, IRIS, KEY, OAX, and REN. The sell-off reflects reduced investor confidence, a common trend following token delistings. Historically, such moves by major exchanges lead to sharp declines in affected tokens’ valuations.

The Flip Side: Listings Drive Growth

While delistings can hurt prices, new token listings often have the opposite effect. For instance, recent Binance listings of SLERF and SCRT triggered significant price surges. Similarly, Akash Network (AKT) saw a 30% rally after its Binance debut.

Binance’s latest decision underscores the critical role exchanges play in shaping token markets, highlighting both the risks and opportunities for investors.