Binance will delist six spot trading pairs — ANKR/BTC, BOME/EUR, DATA/BTC, HOME/BNB, SHELL/BNB and SPK/BNB — on Oct. 17 at 03:00 UTC; the action removes those pairs from spot trading but does not remove the underlying tokens from the exchange.
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Six spot pairs to be removed on Oct. 17, 03:00 UTC
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The delisting targets specific pairs due to liquidity and volume criteria; tokens remain listed for other trading pairs and holdings.
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Binance also announced a $400 million “Together Initiative” — $300M in USDC relief and a $100M institutional support fund after a brief market crash that generated roughly $19B in liquidations.
Binance delisting six spot trading pairs on Oct. 17; learn who’s affected and how Binance’s $400M Together Initiative supports users — read COINOTAG’s full breakdown.
Published: Oct. 12, 2024 — Updated: Oct. 12, 2024 — Author: COINOTAG
What is Binance delisting six spot trading pairs?
Binance delisting six spot trading pairs means the exchange will stop matching buy and sell orders for ANKR/BTC, BOME/EUR, DATA/BTC, HOME/BNB, SHELL/BNB and SPK/BNB starting Oct. 17 at 03:00 UTC. The delisting affects only those specific pairs; the underlying tokens remain available on Binance through other markets and custody.
How will the delisting affect traders and automated strategies?
Traders who hold or trade the specified pairs should manually convert positions into alternative markets or withdraw assets prior to the deadline. Binance will terminate Trading Bots services for these six pairs at the same time, pausing automated strategies tied to those markets. According to Binance’s public notice, typical delisting drivers include low liquidity and insufficient trading volume, which can increase execution risk for traders and bots.
Binance’s $400 million Together Initiative: what’s included?
Binance pledged a $400 million package to support users and institutional participants impacted by the recent sell-off. The program is split into two components: $300 million in USDC compensation to eligible retail users and a $100 million low-interest loan fund for ecosystem and institutional users. The move follows a market event that produced approximately $19 billion in liquidations during the sell-off window.
Who qualifies for the $300M USDC compensation and how is it distributed?
Eligible users must have recorded forced liquidation losses across Futures and Margin trading between Oct. 10 and Oct. 11. Payouts range from $4 to $6,000 in USDC, up to a total of $300 million. Qualification criteria include a minimum total liquidation loss of $50 and a loss ratio of at least 30% relative to the user’s overall net assets based on a snapshot taken on Oct. 9 at 23:59 UTC. Binance stated these parameters in its official announcement (Binance official notice).
What does the $100M Institutional Support Program entail?
The $100 million portion creates a low-interest loan facility for ecosystem projects and institutional users materially impacted by the liquidity shock. The fund aims to provide short-term capital to restart operations or stabilize positions. Binance describes the program as focused on helping counterparties and projects that demonstrate credible needs and recovery plans.
Frequently Asked Questions
Will the tokens in the delisted pairs be removed from Binance entirely?
No. The delisting applies only to the specified spot trading pairs. Tokens themselves are not being removed from Binance and may remain tradable via other pairs or retained in user wallets on the platform. Users should check their account balances and available markets before Oct. 17, 03:00 UTC.
How do I claim compensation from Binance’s Together Initiative?
Binance will automatically evaluate eligible accounts based on forced liquidation data from Oct. 10–11 and the Oct. 9 snapshot. If an account meets the published criteria, compensation in USDC will be distributed per Binance’s terms. Check your Binance account notifications for confirmation and instructions.
Key Takeaways
- Targeted delisting: Only six spot trading pairs (ANKR/BTC, BOME/EUR, DATA/BTC, HOME/BNB, SHELL/BNB, SPK/BNB) will be removed on Oct. 17 at 03:00 UTC; tokens remain listed elsewhere.
- User protections: Binance announced a $300M USDC payout window and a $100M institutional loan fund as part of a $400M Together Initiative following a large liquidation event.
- Action items: Traders should close or migrate positions and pause Trading Bots tied to the affected pairs; review Binance account notifications for eligibility and distribution details.
Conclusion
The Binance delisting of six spot trading pairs is a narrow, market-structure decision aimed at pairs with low liquidity and volume; it does not delist the underlying tokens from the exchange. Concurrently, Binance’s $400 million Together Initiative provides targeted relief for affected users and institutions. Monitor your Binance account for alerts, and consider migrating affected positions ahead of the Oct. 17, 03:00 UTC deadline. For more coverage and updates, follow COINOTAG’s ongoing reporting (COINOTAG).
Sources: Binance official announcement; exchange liquidation data and market reports (industry trackers and public exchange data). COINOTAG markets team analysis.
