{"id":84927,"date":"2024-07-24T06:30:26","date_gmt":"2024-07-24T10:30:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=84927"},"modified":"2024-07-24T06:31:17","modified_gmt":"2024-07-24T10:31:17","slug":"binance-key-move-puts-avax-and-matic-under-pressure","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-key-move-puts-avax-and-matic-under-pressure\/","title":{"rendered":"Binance Key Move Puts AVAX And MATIC Under Pressure"},"content":{"rendered":"\n

AVAX and MATIC holders expect price swings after Binance<\/a> announced delisting the TUSD trading pair on July 26 due to liquidity concerns.<\/p>\n\n\n\n

\"Binance<\/figure>\n\n\n\n

Crypto exchange Binance has moved to delist the TUSD trading pairs of AVAX and MATIC, resulting in slight price pressure.<\/p>\n\n\n\n

The company announced its most recent round of spot trading audits and disclosed the removal of three cryptos from TUSD and BTC pairs, respectively.<\/p>\n\n\n\n

Due to market volatility, these events have been known to cause swings in asset prices.<\/p>\n\n\n\n

Binance Delists AVAX and MATIC\u2019s TUSD Trading Pair<\/h2>\n\n\n\n

The digital asset exchange disclosed adjustments to its spot trading pair listings\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in an announcement on July 24.<\/p>\n\n\n\n

Binance will delist the AVAX\/TUSD, MATIC\/TUSD, and VOXEL\/BTC trading pairs on July 26.<\/p>\n\n\n\n

The exchange emphasized the necessity of high-quality trading markets and stated that it will periodically review and remove pairs based on liquidity and volumes.<\/p>\n\n\n\n

Crypto exchanges have provided users with instructions regarding the actions that must be performed before July 26.<\/p>\n\n\n\n

Users can continue to trade corresponding tokens on the platform, while other tokens will be unaffected.<\/p>\n\n\n\n

\n

\u201cDelisting a spot trading pair will not affect users\u2019 ability to trade its corresponding tokens on the Binance spot platform (if applicable). Users can still trade the underlying and quoted assets of the spot trading pair on other trading pairs provided by the Binance platform.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Additionally, Binance will remove the trading bot service on July 26 while requesting users to cease all trading bot services for the listed trading pairs before July 26 to prevent losses.<\/p>\n\n\n\n

What\u2019s Next?<\/h2>\n\n\n\n

The delisting of trading pairs by prominent crypto exchanges often leads to price changes as investors and traders attempt to reposition holdings.<\/p>\n\n\n\n

The recent move\u00a0may result in price fluctuations in AVAX<\/a> and MATIC, while the crypto market is currently trading\u00a0sideways.<\/p>\n\n\n\n

The former fell 4.79% in the last 24 hours, reducing weekly gains to 1.5%.<\/p>\n\n\n\n

Conversely, MATIC<\/a> has experienced a slight 0.77% increase in the past day, trading at $0.5313.<\/p>\n\n\n\n

However, the asset has dropped 4% over the last seven days.<\/p>\n\n\n\n

In the same period, market leaders Bitcoin (BTC) and Ethereum (ETH) also experienced minor losses.<\/p>\n","protected":false},"excerpt":{"rendered":"

AVAX and MATIC holders expect price swings after Binance announced delisting the TUSD trading pair on July 26 due to liquidity concerns. Crypto exchange Binance has moved to delist the TUSD trading pairs of AVAX and MATIC, resulting in slight price pressure. The company announced its most recent round of spot trading audits and disclosed the […]<\/p>\n","protected":false},"author":56,"featured_media":84943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20152,326,191],"class_list":["post-84927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avalanche-avax","tag-binance","tag-matic"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/Binance-Key-Move-Puts-AVAX-And-MATIC-Under-Pressure.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=84927"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/84943"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=84927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=84927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=84927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}