Binance dem don drop spot pairs, add AIO/USDT & XNY/USDT
Binance go delist three spot trading pairs dem—ANIME/FDUSD, HYPER/FDUSD and STO/BNB—on August 15 at 11:00 UTC. Traders dem suppose cancel or update their spot trading bots and arrange their positions before dem remove am. The exchange talk say the tokens still dey trade for other markets and fit be withdraw after dem delist am. Even though trading volume dey low, ANIME jump 16% when dem announce the delisting, while HYPER and STO get small gains amid bigger altcoin rally. Binance still launch new AIO/USDT and XNY/USDT perpetual contracts with up to 50x leverage. AIO jump almost 50% after listing, but XNY drop 20% within 24 hours. Earlier this month, Binance start zero-fee trading promo for VIP users on BNB/USDC, ADA/USDC, TRX/USDC and XRP/USD pairs till October 11. These moves show Binance dey do regular liquidity check for spot pairs and e plan to expand perpetual contracts. Traders suppose dey watch spot pairs liquidity and volatility along with futures market movements.
Neutral
Wen Binance comot low-liquidity spot pairs, e dey usually cause short time price wahala, but di small trading volume for ANIME, HYPER and STO mean say e no go get beta long term effect. Same way, wen dem bring AIO/USDT perpetual contracts, e cause sharp first rally, but XNY/USDT quickly drop, show say na speculation people dey do, no be because of real market change. For short time, traders fit use dis wahala take make money, but long-term, price and market no go too change because Binance dey check pairs based on liquidity and people still get other trading options.