Binance to Delist MATIC, AVAX and VOXEL Pairs

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As a seasoned analyst with years of experience in the cryptocurrency market, I have seen my fair share of delistings and their impact on investors. Binance’s recent decision to remove Polygon (MATIC), Avalanche (AVAX), and Voxies (VOXEL) trading pairs from its platform is a reminder that no digital asset is guaranteed a permanent spot on any exchange.

Binance has made the announcement that it will be discontinuing support for the trading pairs involving Polygon (MATIC), Avalanche (AVAX), and Voxies (VOXEL) starting July 26. Specifically, AVAX/TUSD, MATIC/TUSD, and VOXEL/BTC pairs will no longer be available on the platform. This action is taken as part of Binance’s regular assessment to ensure a top-tier trading experience for its users.

Note to Binance users

After the token pairs are withdrawn from Binance, trading them directly on the platform will no longer be an option. If you currently own any of these mentioned token pairs, it is recommended that you begin making preparations for alternative steps.

Based on my extensive experience in the cryptocurrency market and having used various trading bots on Binance, I strongly advise you to heed Binance’s warning. Although your tokens’ availability on Binance Spot remains unchanged, it is crucial to take action if you have any active spot trading bot services linked to the affected pairs.

As a seasoned observer of the crypto market, I’ve seen my fair share of listings and delistings over the years. And let me tell you, the recent announcement by Binance that they will be delisting BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkaster (POLS) trading pairs has piqued my interest.

Binance strives to maintain stringent criteria for the cryptocurrencies it hosts, providing top-tier services and safeguards for its users.

Impact of delisting on investors

On Binance, certain investors have incurred minor setbacks in their holdings of MATIC, AVAX, and VOXEL.

The prices of tokens like AVAX and MATIC have decreased since the announcement of their delisting. Currently, AVAX is priced at $30.15, representing a 1.2% decrease in the past day. Meanwhile, MATIC is trading at $0.5367 following a 24-hour price drop of 2.22%.

Based on my extensive experience observing and analyzing market trends, it seems that VOXEL underwent a significant 24-hour price decrease of 8.3%, bringing its value down to $0.1508. This decline in prices suggests a casual attitude among traders towards acquiring these tokens, perhaps reflecting a sense of complacency or a belief that the market will eventually rebound. However, it’s important to remember that market behavior can be unpredictable and volatile, so this trend may not necessarily continue. As someone who has witnessed numerous market fluctuations throughout my career, I always recommend staying informed, keeping a level head, and making informed decisions based on thorough research and analysis.

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2024-07-24 18:00