Binance, a big cryptocurrency place to trade, will no longer have some types of cryptocurrency to trade. This news is making people worried about how it will affect the prices. The decision affects trading pairs with popular cryptocurrencies like KNC, ICX, XTZ, ROSE, and APE. This makes investors think about what could happen to the prices and how people will feel about the market.

Binance Says Bye to Some Cryptos

Binance Futures, a part of Binance, says it will remove some types of contracts and change how much you can borrow to trade other cryptocurrencies. This will affect contracts with KNC, ICX, XTZ, ROSE, and APE. These changes will happen on certain dates.

Binance tells traders to be careful. If they don’t adjust their trades, they might lose money. Binance can also make more rules if the market is very unpredictable. This could affect how much you can borrow, how much your trade is worth, and other things.

Binance wants to make sure trading is safe and the market is steady. But some people are worried this news will make cryptocurrency prices uncertain. Big exchanges like Binance can make people feel good or bad about the market. Good news can make prices go up, but bad news can make people sell their cryptocurrencies.

What's Happening with Prices?

People who trade cryptocurrencies need to be careful and ready to change their plans. Even though Binance is making changes to keep the market safe, trading digital money is still risky. Traders should watch out for news and be careful with their money.

Despite Binance’s news, some cryptocurrency prices went up. Kyber Network Crystal v2 went up by 5.14% to $0.6134. ICX went up 5.15% to $0.2318. Tezos also went up by 5.42% to $0.9587, while ROSE went up 5.18% to $0.092. APE went up 5.89% to $1.29, and people traded more of it, with the volume going up by 6% to $46.2 million.

Conclusion

Binance’s decision to remove certain cryptocurrencies has made people wonder how it will affect prices. While the exchange aims to make trading safer, uncertainty remains. Traders should stay alert and be cautious in managing their investments amid market fluctuations.