Binance Plans to Delist DOGS, FET, NEIRO, and NOT Trading Pairs, Raising Market Concerns
Key Takeaways:
- Binance has announced plans to delist specific trading pairs involving DOGS, FET, NEIRO, and NOT on February 21.
- The decision, driven by concerns over liquidity and trading volume, has sparked fears of an impending price drop.
- Previous delistings have historically triggered bearish trends in affected assets.
Binance Announces Delisting of Crypto Trading Pairs
Leading cryptocurrency exchange Binance has once again captured market attention with its latest update on trading activities. The exchange revealed plans to remove several trading pairs on February 21 at 03:00 UTC. The affected pairs include:
- DOGS/BRL
- FET/BRL
- NEIRO/BRL
- NEIRO/EUR
- NOT/EUR
Why Is Binance Delisting These Pairs?
According to Binance, the delisting results from a periodic review aimed at maintaining a high-quality trading environment. Factors such as low liquidity and trading volume played a key role in the decision to discontinue support for these pairs.
Additionally, Binance will also deactivate its Spot Trading Bots services for these trading pairs at the same time. Users are advised to adjust or cancel their bots in advance to prevent any potential losses.
Market Repercussions & Investor Concerns
Historically, delistings on major exchanges have led to significant price drops due to reduced market accessibility. Investors fear a similar downturn for DOGS, FET, NEIRO, and NOT, especially following the recent removal of AirDAO (AMB), CLV, StormX (STMX), and VITE from Binance’s listings.
Following Binance’s previous delisting on February 17:
- AMB dropped by 42%, reaching $0.001876.
- CLV declined by 21%, trading at $0.03622.
- STMX fell by 13%, closing at $0.003756.
- VITE plunged by 50%, settling at $0.003764.
Given this pattern, market sentiment around the newly delisted assets remains bearish, with traders bracing for potential losses.
