The world’s leading cryptocurrency exchange is set to delist several trading pairs this week. The move will affect assets including Ripple (XRP), Bitcoin Cash (BCH), and Avalanche (AVAX), among others. Binance will remove the following cross-margin pairs: XRP/BNB, AXS/BTC, ETC/BTC, ATOM/BTC, DASH/BTC, BCH/USD, PUNDIX/USDC, AVAX/USD, and F/USDC, along with the isolated-margin pairs: AVAX/ETH, AXS/BTC, ETC/BTC, ATOM/BTC, DASH/BTC, and F/USDC on March 27.
“Exclusive immediately, users will no longer be able to transfer any amount of assets of the aforementioned pair(s) via manual transfers and Auto-Transfer Mode into their Isolated Margin accounts,” the announcement reads. The exchange also warned clients that they may not be able to update their positions during the delisting process, which could take approximately three hours. Withdrawing support from Binance typically has a negative impact on the prices of affected cryptocurrencies, especially when it terminates all services for certain assets.
Ripple’s XRP has dropped 3% over the past 24 hours, BCH is down 2%, and AVAX (along with several other impacted coins) is also trading lower. However, their decline is more likely due to the renewed red wave sweeping through the entire crypto sector. The company conducted additional delistings earlier this month, which triggered far steeper price drops. Initially, Binance Alpha removed 21 lesser-known altcoins, such as WorldShards (SHARD), Alliance Games (COA), BNB Card (BNB Card), MilkyWay (MILK), and Hyperbot (BOT), causing some of them to nosedive by 70-80%.
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