Binance is preparing to delist a number of pairs traded against BUSD, such as ATA, FORTH, and JST. The new altcoins that the leading stock market has given a date for delist today are as follows…
Binance is closing these altcoin trading pairs for leveraged trading
Binance has announced that it will terminate isolated margin trading for ATA/BUSD, FORTH/BUSD, JST/BUSD, QTUM/BUSD, SUN/BUSD, ZEN/BUSD and ZRX/BUSD pairs. These altcoin pairs will be fully delisted from the Binance platform on a certain date.
According to the announcement made by Binance, ATA/BUSD, FORTH/BUSD, JST/BUSD, QTUM/BUSD, SUN/BUSD, ZEN/BUSD and ZRX/BUSD pairs will no longer be available on Binance isolated margin trading as of July 14. These pairs will no longer be tradable for traders and users.
Binance announces it will support MultiverseX (EGLD) update
According to the latest announcement, Binance will support the network update of the MultiverseX (EGLD) project on its platform. In the meantime, users will be able to make a smooth transition.
In particular, Binance will support the MultiverseX (EGLD) network upgrade, enabling EGLD holders to use their assets on the updated network seamlessly. This update aims to support the participation of EGLD users in the network and the development of the project.
Binance users should consider during the MultiverseX (EGLD) network upgrade:
- EGLD transactions on Binance will not be affected during the network update.
- The MultiversX (EGLD) network update will occur during the MultiversX 1.075 period. Estimated time is for users reference only.
- Binance will meet all necessary technical requirements for all users holding EGLD in their Binance account.
- It will automatically start deposit and withdrawal processes for EGLD without further notice.
MultiversX has completed numerous updates since the beginning of the year
cryptocoin.comAs you follow in March, MultiversX confirmed the launch of xPortal, MultiversX Bridge, MultiversX Wallet, MultiversX Explorer and MultiversX Explorer in the first three months of the year. Meanwhile, in November 2022 the team behind MultiversX announced its decision to change its name from Elrond and move forward under MultiversX. It later rebranded itself as a metaverse-focused decentralized Blockchain network.
The price of EGLD appreciated around 30% compared to the beginning of the year at that time, but started a downward trend as of February 21st. After surging as high as $53 that day, the altcoin’s value has since plummeted. It is currently trading at $33.98. Meanwhile, according to data revealed by DefiLlama, EGLD has remained stable despite upward updates. The data shows that TVL has been on the decline throughout the process. In the same time period, other projects were closing the gap:
- Decentraland (MANA)
- The Sandbox (SAND)
- Enjin Coin (ENJ)
- Gala (GALA)
- Chiliz (CHZ)
- Somnium Space (CUBE)
- Axie Infinity (AXS)
- Metahero (HERO)
- MyMetaverse (METVR)
- Metaverse DNA (DNA)
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