Binance, the world’s largest cryptocurrency exchange, has announced the delisting of three altcoins’ trading pairs. The affected tokens are AKRO, BLZ, and WRX. This move will take place on December 25 at 03:00 UTC.
The exchange explained that its decision aims to improve market quality. Binance regularly reviews trading pairs, considering factors like project team commitment, development activity, and network stability. Binance will remove tokens that fail to meet certain liquidity and volume requirements.
The impacted trading pairs are:
- AKRO/USDT
- BLZ/BTC
- BLZ/USDT
- WRX/USDT
Once delisted, the token values will no longer show in users’ wallets. Deposits for these tokens will be disabled 24 hours after the delisting. They have until February 25, 2025, to withdraw them from Binance.
The AKRO, BLZ, and WRX prices fell in a range of 11% to 48% after the announcement. Such reactions are common after delisting news. For example, in August, Binance’s removal of six altcoins caused sharp price drops. Similarly, a November delisting led to steep declines for several tokens, including GFT and IRIS.
While listing news often boosts prices, delisting announcements tend to create volatility and significant losses for investors.
