Binance to Delist QI, TLM, and VITE Trading Pairs Amid Market Review
Binance will remove three BTC trading pairs from its platform on February 6, 2025, while maintaining the individual tokens’ availability through other trading pairs.
Binance will discontinue trading for QI/BTC, TLM/BTC, and VITE/BTC pairs starting February 6, 2025, due to liquidity concerns.
Traders are advised to adjust or cancel their bots before the delisting to avoid potential financial losses.
QI, TLM, and VITE have experienced significant drops in trading volume, possibly influenced by the upcoming removal of their trading pairs.
Binance has announced that it will delist trading pairs for three tokens. The exchange stated in its blog post that the decision is part of its effort to protect users while maintaining a high-standard trading market.
The exchange noted that after conducting its latest reviews on all listed spot trading pairs, it will cease trading the following pairs: QI/BTC, TLM/BTC, and VITE/BTC, effective from 03:00 UTC on February 6, 2025.
According to Binance, spot trading pairs can be delisted for different reasons, such as poor liquidity and trading volume. It added that while these specific trading pairs will no longer be available, users will still have the opportunity to trade the individual assets (QI, TLM, VITE, and BTC) on other pairs that remain available on the platform. The exchange wrote:
“The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance.”
More so, users are encouraged to update or cancel their bots ahead of the delisting to prevent potential losses.
Market Reactions and Token Performance
The decision to delist these trading pairs could cause traders to lose trust in the tokens, which could lead them to sell as they fear further losses, potentially causing a drop in the tokens’ prices in the short term. Additionally, when Binance removes these pairs, the affected tokens lose exposure to the exchange’s massive user base. As a result, the tokens may not be as visible to traders who are primarily active on Binance and rely on the platform to discover new or popular assets.
The removal of pairs can also signal to the market that the token is not performing well enough to sustain its place on a major exchange. This can reduce interest from both potential investors and traders, lowering the token’s visibility in the broader market.
BENQI (QI), one of the affected tokens, is experiencing a decrease in its trading volume. Its price has dropped by more than 37% in the last 24 hours, although it is up by 5% within the same timeframe.
Similarly, while the price of TLM has surged by more than 3% in the last 24 hours, its trading volume has dropped by over 46%. VITE has also seen a downturn in its trading volume, plunging by more than 50% in the last 24 hours while its price is up by just 1%.
The decline in trading volume could be attributed to the current spot trading pair delisting on Binance, which has led to reduced activity surrounding these tokens. However, since the tokens can still be traded on the exchange, the long-term effects remain uncertain.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.