Major crypto exchange Binance announced the removal of a couple of crypto trading pairs including TRON’s BitTorrent (BTT) and Win Token (WIN) against Bitcoin.
Today, on Sept 30, 2019, Binance writes that it will remove and cease trading of the bunch of trading pairs at 8:00 AM (UTC) on Monday (Sept 30). The exchange states that the reason behind removal is “to improve liquidity and user experience among Binnace’s wide range of available assets.” The trading pairs to be removed from Binance are as follows;
ANKR/PAX, ANKR/USDC, ANKR/TUSD, BCPT/PAX, BCPT/USDC, BCPT/TUSD, BTT/BTC, DENT/BTC, DOGE/USDC, DOGE/PAX, ERD/PAX, FTM/PAX, ERD/USDC, FTM/TUSD, GTO/PAX, FUEL/ETH, GTO/TUSD, LUN/ETH, GTO/USDC, NCASH/BNB, NPXS/BTC, ONE/TUSD, ONE/PAX, PHB/USDC, PHB/PAX, TFUEL/PAX, TFUEL/USDC, TFUEL/TUSD, WAVES/PAX, WIN/BTC.
BTT and WIN Bleeding As Binance Announces Delisting
Among 30 trading pairs, BitTorrent (BTT) and Win token (WIN) appeared on the spotlight because these tokens are majorly known to the community with the name of Justin Sun, the founder and CEO of Tron (TRX). However, these tokens are drastically losing their values on a daily chart of coinmarketcap.
As such, BitTorrent stands on the 53rd most significant spot, which notably declined by 9.89 percent within the past 24 Hours. The token currently sits with the market capitalization of $83,283,477 and trading at the value $0.000393 against USD. Also, another token WIN has fallen by 11.78 percent within the past 24 hours. At the time of reporting, WIN counts as the 100th largest token, valuing the market capitalization of $30,009,965 on Sept 30, 2019.
Today’s tumbling values of these tokens quickly indicate the direct impact of Binance’s delisting announcement. However, it’s worth noting that BitTorrent with TRX trading pair is still available on Binance crypto exchange.
The exchange isn’t delisting BTT from Binance completely; however, it might avoid doing that as well because BitTorrent was one of the early projects hosted by Binance on its Binance launchpad. Remarkably, investors were quite optimistic towards BTT’s future value during that time which had resulted in a sale of 50 billion BTT tokens in less than 15 minutes.
Conclusively, as one of the largest crypto exchange Binance is delisting BTT and WIN, it might be a tough time for Justin Sun to prove his stance and bet on the bright future of both tokens.
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