At a Glance
- Binance will delist 24 spot trading pairs on January 20, including ORDI/BTC and ATOM/ETH
- The exchange cited low liquidity and trading volume as reasons for removal
- ORDI token dropped 12% following the announcement
- Australian users regain AUD deposit/withdrawal services after 18-month suspension
Binance is set to remove 24 cryptocurrency trading pairs from its platform, citing insufficient liquidity and trading volume as the primary reasons for the delisting.
The world’s largest cryptocurrency exchange announced the changes will take effect on January 20, affecting both major and minor trading pairs. Despite the removals, the exchange emphasized that users can still trade the underlying assets on alternative pairs.
Scheduled Delistings Hit 24 Pairs
The exchange will remove the following pairs from its spot trading platform:
- 1MBABYDOGE/FDUSD
- ADX/ETH
- AGLD/BTC
- ATOM/ETH
- BTC/ZAR
- ETH/ZAR
- ORDI/BTC
- TRB/BTC
- 15 additional pairs
The delisting decision stems from Binance’s regular review process, which evaluates trading pairs based on liquidity metrics and trading volume thresholds. Pairs that fail to meet minimum requirements face removal to maintain platform quality.
“Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance,” the exchange clarified in its official statement. This means affected cryptocurrencies remain accessible through alternative trading pairs.
Market Reaction Shows Immediate Impact
The announcement triggered immediate price reactions across affected tokens. ORDI emerged as the most severely impacted, experiencing approximately a 12% price decline following the news.
This price movement reflects the significance of Binance’s platform for cryptocurrency visibility and liquidity. As the dominant exchange by trading volume, removal from Binance reduces a token’s accessibility to millions of traders globally.
The broader cryptocurrency market also faced downward pressure during this period. Bitcoin temporarily fell to $92,000, while numerous altcoins recorded double-digit losses. Market analysts note that escalating tensions between US President Donald Trump and the European Union regarding Greenland contributed to overall market weakness.
Australian Services Resume After 18 Months
In a separate development, Binance Australia announced the relaunch of Australian dollar (AUD) deposit and withdrawal services through the PayID system. This marks the end of an 18-month suspension that began in mid-2023.
The suspension occurred when Binance Australia’s third-party payment provider discontinued support for PayID transfers. Local users were unable to move funds directly between their bank accounts and the exchange during this period.
The service restoration became effective on January 19, with Binance Australia celebrating the return through a promotional campaign. The exchange launched the “PayID Meme Challenge,” selecting five winners on January 23 to commemorate the service relaunch.
New Trading Pairs Launch Simultaneously
While removing 24 pairs, Binance simultaneously announced the addition of new trading options:
- BTC/USD1 trading opens January 20
- LTC/USD1 trading opens January 20
- Trading bot services enabled for both new pairs
This approach demonstrates Binance’s strategy of optimizing its trading ecosystem by replacing underperforming pairs with potentially more liquid alternatives.
Key Takeaways
- Binance’s delisting affects 24 spot trading pairs effective January 20
- The exchange maintains strict liquidity and volume requirements for listed pairs
- ORDI token dropped 12% following the delisting announcement
- Australian users regained full AUD banking services after an 18-month hiatus
- The exchange continues balancing pair removals with new additions
