Pepe Coin & These Two Crypto Risk Falling Amid Binance Delisting Announcement

The world’s largest cryptocurrency exchange Binance is set to remove spot trading pairs for Pepe Coin (PEPE), Decred (DCR), and Horizen (ZEN) following its latest market review. The move aims to maintain high-quality trading standards by delisting pairs with poor liquidity and low trading volume. The news has further increased volatility, with Pepe experiencing a 10% drop despite its impressive 90% surge this month. Decred and Horizen have seen mixed price movements amid the update.

Binance to Remove Pepe Coin, Decred, and Horizen Spot Trading Pairs

On December 11, Binance reported that it would delist spot trading pairs for Pepe Coin, Decred, and Horizen. The decision comes as part of Binance’s routine market reviews aimed at maintaining high standards for trading quality and user experience.

The specific pairs—PEPE/TUSD, DCR/BTC, and ZEN/ETH—will be removed from the platform on December 13, at 03:00 UTC. Binance emphasized that these pairs will no longer be tradable. However, users can still access the tokens through other available pairs on the spot market.

Additionally, Spot Trading Bots will discontinue services for these pairs at the same time. The platform has advised users to update or cancel their trading bots to avoid potential losses. The move underscores Its commitment to optimizing its platform and addressing underperforming trading pairs to protect users and ensure market efficiency.

Binance Loans Adds Movement (MOVE) as Loanable Asset

In a separate development, Binance has expanded its loan offerings by adding Movement (MOVE) as a new loanable asset on both Binance Loans (Flexible Rate) and VIP Loan. This addition allows users to borrow against MOVE tokens while enjoying the flexibility of open-term loans.

The Loans allow users to collateralize cryptocurrencies without committing to a fixed term, offering greater freedom. In addition to flexibility, borrowers can earn real-time APR rewards through Simple Earn Flexible Products.

Meanwhile, VIP Loan targets institutional and high-net-worth users, offering over-collateralized loans with competitive terms and tailored services. These loans cater to various needs, such as liquidity for long-term investments or leveraged trading strategies.

Binance, one of the top crypto exchanges, encourages users to update their app to the latest version for seamless access to this service. This move is part of its broader effort to enhance its financial product suite and cater to the evolving needs of its user base.

Market Performance of Pepe, Decred, and Horizen

PEPE Coin price today traded at $0.00002327, down 10% over the last 24 hours. Despite today’s drop, the top meme coin remains up 90% this month, showcasing significant market momentum.

DCR price was currently trading at $19.93, with a 24-hour low of $18.51 and a high of $21.26, marking a 3% decline in the past day. However, it is up 46% this month, reflecting a bullish trend.

Moreover, ZEN’s price was trading at $14.33, gaining 4% in the last 24 hours and 57% over the month. Binance listings and announcements can drive momentum, as seen with the 136% KOMA price surge.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.