Binance exchange has announced the removal of four cryptocurrencies, namely Iridium (AMB), Clover Finance (CLV), StormX (STMX), and Vite (VITE) from its trading list. This decision, effective from February 24, 2025, has raised concerns about price fluctuations and broader impacts on these cryptocurrencies. Binance periodically reviews listed cryptocurrencies to ensure compliance with its strict standards. Factors such as trading volume, network security, development team activity, and adherence to regulations play a role in Binance’s decisions to delist a cryptocurrency. Although Binance has not provided exact details on the reasons for delisting these four cryptocurrencies, it appears they have not met at least one of the necessary criteria. This decision has had a significant impact on the market. Usually, delisting a cryptocurrency leads to widespread selling, reduced liquidity, and a loss of investor confidence. Currently, trading pairs affected include AMB/USDT, CLV/BTC, CLV/USDT, STMX/TRY, STMX/USDT, and VITE/USDT. After the halt in trading, all orders will be automatically deleted. In addition to spot trading, Binance will also stop future contracts for AMB/USDT and STMX/USDT on February 21, 2025. Furthermore, Binance’s Margin, Simple Earn, Auto-Invest, and Gift Cards services for these cryptocurrencies will be suspended on the days leading up to the removal. This means traders have a limited time to adjust their investment portfolios, close positions, and withdraw assets. The removal of these cryptocurrencies has led to a sharp decline in their prices. Following Binance’s announcement, Iridium’s price decreased by 35% to $0.002627, while its trading volume spiked by 690% to $10.68 million. During the same period, Clover Finance dropped by 10% from $0.0513 to $0.04238. StormX also experienced a 10% decline, while Vite plummeted by 37% to $0.00495. On the real-time digital currency price page, you can monitor the prices of all tokens and cryptocurrencies live and instantly.
