Representatives of the exchange did not report on the reasons for this decision

​Binance to remove trading pairs with MANA, KSM, ZIL, and two more tokens

08.11.2022 - 13:45

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2 min

What’s new? Cryptocurrency exchange Binance has announced the removal of six trading pairs from November 16 to 18. In question are isolated margin pair VGX/BTC and spot pairs KSM/BNB, MANA/BNB, OGN/BNB, VGX/BTC, VGX/ETH, and ZIL/EUR. Reasons for the removal of trading pairs in the exchange’s message are not specified.

Announcement on the Binance blog

Delisting details. The removal of the isolated margin pair VGX/BTC will take place on November 16 at 03:00 UTC. At that time, the exchange will close users’ positions, conduct an automatic settlement and cancel all pending orders. Clients are advised to close their positions before margin trading is suspended to avoid possible losses. Spot pairs will be removed on November 18 at 03:00 UTC.

The exchange’s representatives note that trading in all listed assets in other pairs will be available without restrictions.

What is known about assets? VGX is the native token of the bankrupt crypto broker Voyager Digital. In September, crypto exchange FTX bought its assets for $1,42 billion. Following the announcement of the impending delisting, the daily drop in value was 12,02%, with the asset trading at $0,34 as of November 8, 13:15 UTC.

KSM is the token of Kusama, a parachain of the Polkadot blockchain platform. Development activity on the network reached an all-time high in October. In total, 66 blockchains operate on Polkadot and Kusama. At the moment, the rate of the asset fell by 8,42%, to $32,84.

MANA is the cryptocurrency of the Decentraland metaverse. It is used to buy virtual lands as well as in-game assets and services. In October, the BitMEX crypto exchange announced the listing of the asset. MANA is trading at $0,6244 (-5,84%).

Origin Token (OGN) is used on the Web 3.0 peer-to-peer (P2P) trading platform Origin Protocol. The asset is trading at $0,138 (-8,91%).

The token of Zilliqa (ZIL), a layer 1(L1) blockchain protocol, is trading at $0,02976 (-6,42%). In late September, the network’s developers announced the release of a gaming console with a Web 3.0 wallet and mining utilities.

On October 24, Binance delisted DNT, NBS, BTG, and TCT, as well as all trading pairs with them. Deposits in these tokens are not available. The company noted that it periodically conducts inspections and removes assets from trading if they no longer meet the platform’s standards.

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