Binance, one of the world’s largest cryptocurrency exchanges, has announced the removal of 4 cryptocurrency pairs from its trading list. The decision aims to maintain trading quality due to unfavorable market conditions. Some pairs related to GALA, PERP, and USDT will soon be delisted. Traders are concerned as this removal may lead to decreased liquidity and price volatility of these assets. Binance emphasizes that the removal is to ensure security and trading quality. Although delisting from a major exchange typically signals a decline, the prices of GALA and PERP saw an increase post-announcement. However, traders are worried about reduced market interactions for these assets post-delisting. Previously, removal of tokens like AERGO, AST, BURGER, COMBO, and LINA from Binance had decreased their value.
