TL;DR

• Delisting on Binance: Binance, a leading cryptocurrency exchange, has planned to remove a certain number of spot trading pairs involving a specific fiat currency.
• Variable Price Impact: The delisting of trading pairs from major exchanges can have varied effects on the prices of the involved cryptocurrencies.
• Listings vs. Delistings: Listings can significantly enhance a cryptocurrency’s visibility and demand, while delistings might negatively affect its market performance.

Binance’s Latest Delisting Efforts

The world’s leading cryptocurrency exchange – Binance – revealed it will remove 11 spot trading pairs on December 29.

The pairs included in the dismissal spree are all focused on the British pound, with XRP/GBP, SOL/GBP, ADA/GBP, BTC/GBP, and ETH/GPT being some examples.

Binance did not give an exact reason behind its move, reminding that it conducts periodic reviews of all listed spot trading pairs and scrapping some of those to “protect users and maintain a high-quality trading market.”

In addition, the company assured that delisting the aforementioned pairs will not affect the availability of the tokens on Binance Spot. 

“Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance,” it added.

Such a delisting spree coming from the largest cryptocurrency exchange might be expected to negatively affect the prices of the digital assets participating in the trading pairs. However, this was not the case with some, such as Solana (SOL), which has launched a real bull run lately.

Earlier today (December 22), the token