Binance delists ETH & BNB trading pairs from its list because of their low liquidity, raising questions about price volatility and market effects.
The top cryptocurrency exchange in the world, Binance, has declared that it is eliminating important trading pairs between Ethereum (ETH) and Binance Coin (BNB). On February 28, 2025, the exchange will stop trading the BNB/UAH and ETH/UAH pairs due to low trading volume and liquidity. Concerns regarding possible price volatility have been raised by this move, particularly in light of the turbulence in the larger cryptocurrency market.
Binance Delists ETH & BNB, Why?
Binance regularly examines its trading pairs to guarantee stable markets and excellent trading circumstances. The exchange recently announced the delisting of ETH/UAH and BNB/UAH because of low trading activity and liquidity. Binance explained that users can still trade BNB and ETH with other pairs on the platform, but these particular pairs will no longer be accessible.
Additionally, the exchange informed users that its Spot Trading Bots services for these pairs would be discontinued on the same day. To avoid financial losses, traders who depend on automated strategies must update or terminate their bots before the cutoff.
Effects of Binance Delisting on BNB and ETH
Concerns regarding price stability are frequently raised when a trading pair is delisted, particularly by major cryptocurrency exchanges like Binance. The elimination of BNB/UAH and ETH/UAH suggests a declining demand for these assets in the Ukrainian market, even though it might not immediately affect international trade. Both BNB and ETH may see short-term price swings if traders respond negatively.
Furthermore, there has been a notable decline in the cryptocurrency market lately, with key assets finding it challenging to hold onto support levels. Binance’s most recent action may have an even more significant effect on investor sentiment, especially for traders interested in BNB and ETH.
How Are the ETH and BNB Prices?
Both BNB and ETH maintained their gains today despite the announcement of delisting. In the meantime, amid an enormous crypto market crash, the prices of Bitcoin and most of the leading altcoins have recently experienced extreme volatility. But today, there has been a recovery in the market.
The price of BNB was up about 5% at the time of writing, trading at $627.34. The 24-hour high and low for the token were $630.82 and $596.70, respectively. However, the price of Ethereum rose by about 4.5% today to $2,480, reaching a 24-hour high of $2,529.
