Crypto exchange Binance has recently revealed plans to delist a specific spot trading pair for the VIDT crypto, causing its price to plunge nearly 40% in just a day. The exchange revealed in an official announcement this Tuesday that it will delist the VIDT/BTC trading pair shortly, pushing investors to take a cautious approach while trading the asset.
Binance To Delist VIDT/BTC: Here’s The Timeline
According to an official Binance announcement dated April 15, the VIDT/BTC trading pair will be delisted at 08:30 UTC. The decision to delist this trading pair comes as the crypto exchange looks to protect its users from emerging market risks while also ensuring a high-quality trading experience.
Per the announcement, the spot trading pair mentioned above is being delisted after a thorough periodic review by the exchange. The VIDT/BTC trading pair reflects concerning factors, such as poor liquidity and trading volume, among other reasons that pose a risk to users.
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