How it affects certain altcoin traders

Tl; DR

• Binance extends trading options by adding three new pairs this week, increasing liquidity and accessibility.
• While one of them saw only a slight price reaction, another jumped two -digit after disclosure.

The latest amendments

The largest cryptocurrency exchange in the world develop The list of trading choices offered on Binance Spot by adding Qtum / Try, Trump / EUR and VTHO / Try pairs. The offers will be available for users from February 12. on the same date.

This is not the first time that the company has shown the support of Trump, a piece of memes based in Solana introduced by US President Donald Trump. Binance was one of the giants registration The assets shortly after its launch last month.

Massive media movement and threshing the asset were a part of The main factors supplying Trump’s impressive rally during his first days of existence. As Cryptopote reportedThe market capitalization of the memes play has briefly exceeded $ 14.5 billion, exceeding Shiba Inu (Shib). The Bull Run, however, was short -lived, and the price and capitalization of Trump have gradually decreased in recent weeks.

As we can see on its graph, the evaluation increased to $ 16.70 shortly after Binance’s last announcement before starting again for its current $ 16 (according to Coingecko data). This represents a massive drop of 75% compared to the peak of more than $ 72. January 19.

Although Binance’s disclosure had only a slight effect on Trump’s price, this was not the case with the other affected active, Qtum (Qtum). He climbed two figures, reaching up to $ 3.67 before settling at around $ 3.45.

The effort of radiation

In addition to adding new trading pairs to users, Binance also plans to delete certain existing. According to a separate announcementThe cross margin associates Hmstr / Fdusd, saga / BTC and the isolated margin pairs hmstr / fdusd, ilv / btc, LTO / BTC, MDT / BTC, saga / btc will become inaved From February 17.

“Please note that users will not be able to update their positions during the radiation process, and they are strongly wise To close their positions and / or transfer their assets to the margin accounts to identify accounts Before The cessation of margin trading at 2025-02-17 06:00 (UTC). Binance will not be responsible for potential losses, ”warned the company.

When Binance withdraws the support of a cryptocurrency, it often leads to a sharp drop in prices due to the reduction of liquidity, negative feeling and the uncertainty of investors. However, the digital assets involved do not seem to be affected, and most of them are in green today (February 11), which aligns themselves with the renewal of the crypto market.

It is important to note that serious diving are generally observed When Binance performs a complete radiation process rather than deleting only a few pairs of trading.

This was the case in February of last year when the exchange finished All services with Monero (XMR), Aragon (Ant), Multichain (Multi) and Vai (VAI). THE Price of the popular confidentiality piece plunged 35% after disclosure.