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Binance’s latest announcement has stirred the cryptocurrency industry. The leading crypto exchange has announced plans to remove the NOT-BTC pair to enhance users’ trading experience.
$BTC #EarlyBirdChainNews Binance Cancels Listing of Notcoin (NOT) Trading Pair
Binance has decided to cancel the listing of the NOT/BTC trading pair for a better user trading experience.
@earlybirdchainbots https://t.co/nRfKzgddxj— Early Bird Chain News (@EBChainNews) May 16, 2024
That comes as Notcoin dominates cryptocurrency trends, attaining massive popularity in recent days. Enthusiasts are now speculating about the token’s future price trajectory following Binance’s move.
Binance terminates NOT/BTC pair
According to the latest updates, the exchange will remove the trading pair, scheduled for 16 May noon listing, from its platform.
Notably, Binance’s decision emerged as the Notcoin community observed some malfunctions, with NOT deposits to Binance failing because of the exchange’s compliance check.
Some deposits of Notcoin to @binance have been declined after Binance's compliance check
These users will receive their balance back on https://t.co/PCn39j6rLZ within an hour (or faster) so they can withdraw it on-chain and trade
Working closely with @binance team to resolve…— Notcoin Ø (@thenotcoin) May 16, 2024
The team highlighted that investors will receive refunds while cooperating with Binance to solve the matter.
NOT price bleeds
The abovementioned developments saw the native coin plunging relentlessly over the past few hours.
NOT traded at $0.006662 at press time, losing 54% of its value on the daily price chart. The token’s trading volume remained flat at $736.78M during this publication.
![](https://invezz.com/wp-content/uploads/2024/05/image-134.png)
NOT 1D Chart on Coinmarketcap
Meanwhile, the broad crypto market displays recoveries, with Bitcoin (BTC) gaining 1.87% over the past day to steady above $65.7K.
The post Notcoin price slumps as Binance cancels NOT/BTC listing appeared first on Invezz
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