Binance, the world’s leading cryptocurrency exchange by trading volume, has announced the delisting of nine spot trading pairs from its platform. The pairs include LTC/UAH, FLOKI/TUSD, COS/BNB, COTI/BNB, MULTI/BTC, among others. The decision, which will take effect on January 12, is part of the company’s routine reviews aimed at maintaining a high-quality trading market and protecting its customers.

The delisting announcement led to a temporary decline in the value of some of the affected cryptocurrencies, including FLOKI, LTC, and COTI. However, this dip could also be attributed to broader market trends and regulatory news, particularly the clarification from the Chairman of the US SEC that the agency has not approved the launch of a spot Bitcoin ETF. Despite the initial plunge, some of the tokens recovered their losses in the hours following the announcement.

Binance has been active in updating its cryptocurrency monitoring lists. Recently, it added Monero (XMR), Zcash (ZEC), and eight other cryptocurrencies to its Monitoring Tag list. Assets on this list are closely scrutinized by Binance and could face delisting if they fail to meet necessary criteria such as network stability, trading volume, development activity, and level of public communication.

Conversely, the exchange removed GMX (GMX) and SushiSwap (SUSHI) from its Seed Tag list. This list, which replaced the Binance Innovation Zone, focuses on coins in their early stages of development.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	None
Companies	Binance, US SEC, Monero, Zcash, SushiSwap
Currencies	sushiswap, COTI, Litecoin, Monero, Bitcoin, FLOKI, Zcash, GMX, Contentos
Securities	None