Recently Binance announced to delist thirty trading pairs from its platform and one-fifth of the coins include that were launched through the company’s IEO. Bit Torrent which was launched by Tron earlier this year and was Binance’s first IEO also got delisted. The China-based exchange had sold 23.76 billion BTT tokens in the first fifteen minutes during its IEO and raised over $7 million.
Binance decided to remove thirty trading pairs to improve liquidity and user trading experience as requested by most project teams. When a token does not have enough trading volume, it becomes vulnerable to pump and dump schemes. Coins that were launched through Binance IEO that got delisted are BTT, Elrond(ERD), Harmony (ONE), and WINk (WIN).
Thirty pairs that got delisted include:
ANKR/PAX, ANKR/TUSD, ANKR/USDC, BCPT/PAX, BCPT/TUSD, BCPT/USDC, BTT/BTC, DENT/BTC, DOGE/PAX, DOGE/USDC, ERD/PAX, ERD/USDC, FTM/PAX, FTM/TUSD, FUEL/ETH, GTO/PAX, GTO/TUSD, GTO/USDC, LUN/ETH, NCASH/BNB, NPXS/BTC, ONE/PAX, ONE/TUSD, PHB/PAX, PHB/USDC, TFUEL/PAX, TFUEL/TUSD, TFUEL/USDC, WAVES/PAX, WIN/BTC.
Wink and Harmony tokens were issued in Initial Exchange Offering by Binance in July of this year. Delsiteing coins that were issued through IEO by Binance can harm the image of the exchange. On the other hand, Binance’s competitor OKEx so far has not delisted a single coin that was sold via its IEO platform.
Let us know in comments what to do you think of the exchange’s decision to delist these tokens?