- Crypto exchange Binance announced its plan to delist key spot trading pairs of Internet Protocol (ICP) and Maverick Protocol (MAV), should traders brace for impact?
- The crypto exchange will remove and cease trading of ICP/BNB and MAV/TUSD spot trading pairs on July 19.
- ICP and MAV saw massive uptrend amid crypto market recovery.
The world’s largest crypto exchange Binance on Wednesday said it will delist additional spot trading pairs citing multiple factors.
After recently naming some key spot and margin crypto pairs in the delisting and ceasing strategy, the crypto exchange has now announced a plan to delist Internet Computer and Maverick Protocol.
Notably, CME and CF Benchmarks recently announced the launch of new reference rates and real-time indices for Internet Computer (ICP) and Ripple’s XRP.
Binance to Delist ICP and MAV Spot Pairs
Internet Computer (ICP) and Maverick Protocol spot trading pairs against BNB and TUSD will be delisted by Binance, according to an announcement. The crypto exchange will remove and cease trading of ICP/BNB and MAV/TUSD spot trading pairs on July 19 at 03:00 UTC.
Moreover, Binance will also terminate spot trading bots services for the aforementioned spot trading pairs. The exchange strongly recommends users to update or cancel their spot trading bots before the cessation of services to avoid potential losses.
“To protect users and maintain a high-quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume,” said Binance.
As reported, Binance will delist BTC/TUSD and TUSD/USDT spot trading pairs next week as the exchange gradually withdrew support for TUSD stablecoin amid multiple concerns.
However, the crypto exchange has rolled out initiatives to boost crypto market liquidity and trading experience for its users.
The exchange has also announced an event for Shiba Inu and Dogecoin, offering crypto participants massive rewards. The Battle of The Meme Dogs ends July 29.
ICP and MAV Price Action
ICP price pared some gains after the announcement, with the price currently trading at $9.97. Internet Computer (ICP) jumped 8% over the last day, with the 24-hour low and high of $9.34 and $10.29, respectively. Furthermore, the trading volume has decreased slightly as traders look to book profits.
ICP futures open interest jumped 4% in the past 24 hours, as per Coinglass. Massive buying activity was seen on CoinEx and Bybit, with 70% and 7% increase in the last 24 hours.
Meanwhile, MAV price soared 8% in the past 24 hours, with the price currently trading at $0.2304. The trading volume has increased by just 3% in the past 24 hours.
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