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30 May 2024
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Binance To Remove NOT/BTC Trading Pair Amid Compliance Check Concerns

The latest update from Binance, one of the world’s leading cryptocurrency exchanges, has sparked a lively discussion in the global crypto community. In an official statement released today, May 16, the firm revealed that it is removing the NOT/BTC trading pair, aiming to offer users a better trading experience.

This decision, coming as Notcoin is gaining immense popularity, has sparked a tidal wave of speculation among the token’s investors, who are speculating over the crypto’s future price movements. Here’s a closer look at Binance’s announcement and its potential implications for Notcoin.

Binance To Remove NOT/BTC Trading Pair

Aligning with Binance’s announcement, the NOT/BTC trading pair, which was initially set to be listed on May 16 at 12:00 UTC, is now being removed from the platform. This decision surfaces in tandem with another event that unfolded orbiting Notcoin (NOT) crypto.

According to Notcoin’s community’s post on X today, some deposits of Notcoin to Binance were declined. This happened due to Binance’s compliance check.

Although users will receive their balance on ‘t.me/notcoin_bot‘ soon, as clarified by the crypto’s community, the sudden and abrupt halting of the NOT/BTC trading pair has taken the crypto market by storm. Meanwhile, Notcoin also claimed to have been working closely with Binance to resolve the issue.

Further, amid the abovementioned saga, the NOT token has embarked upon a slumping price trajectory.

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NOT Price Tumbles

As of writing, the NOT token’s price trajectory has plunged phenomenally, dipping 51.03% today. The token currently rests at $0.007077, boasting a market cap of $727.22 million. Further, its 24-hour lows and highs are $0.006887 and $0.01445, respectively.

In the interim, Bitcoin (BTC) traded at $65,891.68 today, up 2.75% in the past 24 hours. The token’s market cap was evaluated to be $1.29 trillion, whereas its 24-hour trading volume stood at $36.70 billion.

Also Read: India SEBI Recommends Regulators Oversee Crypto Trade Amid RBI’s Tightened Grip

The post Binance To Remove NOT/BTC Trading Pair Amid Compliance Check Concerns appeared first on CoinGape.

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