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MainNewsWazirX Faces...

WazirX Faces New Probe and DEX Launch; Binance Delists SUI/TUSD, WRX Pairs


Dec, 18, 2024
< 1 min read
by Lipika Deka
for CoinEdition
Binance delists SUI and WRX pairs due to low liquidity. Discover market reactions, price impacts, and WazirX's plans for a decentralized exchange.
  • Binance delists underperforming pairs, including SUI/TUSD and WRX, citing low liquidity and market inefficiency.  
  • WRX price crashes over 50% after Binance announcement and court-ordered probe into $230M hack.  
  • SUI, HMSTR, and AEUR see 5-10% price drops amid Binance’s strategic clean-up.

The crypto market is reacting to Binance’s announcement on delisting several underperforming trading pairs. These include SUI/TUSD and WRX pairs. Binance cited low liquidity and market inefficiency as reasons.

The delisting will take effect between December 20 and 25. This has triggered price drops for affected tokens. SUI lost 4%, and WazirX’s WRX crashed almost 60%. In addition, the Delhi High Court has ordered a new probe into the WazirX hacking incident.

Binance will delist five spot trading pairs on December 20: SUI/TUSD, HMSTR/BNB, BNT/ETH, CYBER/TUSD, and AEUR/EUR. The exchange will also remove Spot Trading Bots services for these pairs. Users should update or cancel their trading bots.

Read also : WazirX Asset Rebalancing: $200M Wallet Activity

Binance said this decision comes from periodic market reviews. These reviews found low liquidity and trading volu…

The post WazirX Faces New Probe and DEX Launch; Binance Delists SUI/TUSD, WRX Pairs appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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MainNewsWazirX Faces...

WazirX Faces New Probe and DEX Launch; Binance Delists SUI/TUSD, WRX Pairs


Dec, 18, 2024
< 1 min read
by Lipika Deka
for CoinEdition
Binance delists SUI and WRX pairs due to low liquidity. Discover market reactions, price impacts, and WazirX's plans for a decentralized exchange.
  • Binance delists underperforming pairs, including SUI/TUSD and WRX, citing low liquidity and market inefficiency.  
  • WRX price crashes over 50% after Binance announcement and court-ordered probe into $230M hack.  
  • SUI, HMSTR, and AEUR see 5-10% price drops amid Binance’s strategic clean-up.

The crypto market is reacting to Binance’s announcement on delisting several underperforming trading pairs. These include SUI/TUSD and WRX pairs. Binance cited low liquidity and market inefficiency as reasons.

The delisting will take effect between December 20 and 25. This has triggered price drops for affected tokens. SUI lost 4%, and WazirX’s WRX crashed almost 60%. In addition, the Delhi High Court has ordered a new probe into the WazirX hacking incident.

Binance will delist five spot trading pairs on December 20: SUI/TUSD, HMSTR/BNB, BNT/ETH, CYBER/TUSD, and AEUR/EUR. The exchange will also remove Spot Trading Bots services for these pairs. Users should update or cancel their trading bots.

Read also : WazirX Asset Rebalancing: $200M Wallet Activity

Binance said this decision comes from periodic market reviews. These reviews found low liquidity and trading volu…

The post WazirX Faces New Probe and DEX Launch; Binance Delists SUI/TUSD, WRX Pairs appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Survey Reveals What Central Bankers Really Think About Holding Bitcoin

Survey Reveals What Central Bankers Really Think About Holding Bitcoin

A new global survey of central bank reserve managers has shown a decline in interest ...
Apr, 15, 2025
< 1 min read
by CoinEdition
Pattern Emerges: SEC Delays Hit VanEck, WisdomTree ETFs, Ripple & Binance Cases

Pattern Emerges: SEC Delays Hit VanEck, WisdomTree ETFs, Ripple & Binance Cases

The US Securities and Exchange Commission (SEC) pushed back decision deadlines for ke...
Apr, 15, 2025
< 1 min read
by CoinEdition