Binance Announces Altcoin Transfer to Spot Accounts and USDC Trading Bots Launch
Binance, the leading cryptocurrency exchange globally, is transitioning 17 altcoins, including Ondo (ONDO) and Big Time (BIGTIME), from its Alpha Account to the Spot Account starting April 22, 2025. These coins will be available for trading, deposits, and withdrawals on networks supported by Binance but cannot be transferred back to the Alpha Account. Additionally, Binance is launching trading bot services for several USDC trading pairs, such as ACH/USDC and GMT/USDC, though they will not be accessible from regions like the USA and Canada. In another development, Binance held a community vote on delisting underperforming tokens, with FTT, Zcash (ZEC), and JasmyCoin (JASMY) being the most notable. Historically, delisting from Binance usually results in significant price declines for the affected tokens. Traders should manage their assets carefully, monitor trading volumes, and remain aware of potential market fluctuations as these changes take effect.
Bearish
This news is likely to have a bearish impact due to the historical trend of significant price drops following the delisting of tokens from Binance. The introduction of USDC trading bots and the restriction on transferring tokens back to Alpha Accounts may impact liquidity and trading behavior temporarily. However, the market could stabilize as traders adjust their strategies. The upcoming delisting, if executed, could trigger immediate negative sentiment and price reactions for the affected tokens.