Important Binance Announcement Concerning Cardano (ADA) and Aster (ASTER) Traders: Details

Binance regularly reviews all services offered on its platform and expands the range of options to keep pace with current market trends and provide the best user experience.

Just recently, it disclosed that five new trading pairs are about to become available for clients.

The Upcoming Addition

The exchange revealed that it will open trading for ADA/USD1, ASTER/USD1, LUNA/USDC, LUNC/USDC, and ZEC/USD1 on Binance Spot on December 24. The platform will also enable Trading Bots services for the same pairs on that day.

It clarified that users will enjoy discounted taker fees on all existing and new USDC spot and margin trading pairs until further notice. However, the company warned that the upcoming services won’t be available to all clients as those residing in Canada, Cuba, Iran, the Netherlands, the USA, and other countries are excluded.

Support from Binance usually has a positive effect on the prices of the affected digital assets. After all, this is the biggest crypto exchange, and its backing leads to increased liquidity, boosted visibility, and a better reputation. Cardano’s ADA has pumped by 4% over the last 24 hours and currently trades at around $0.37, whereas Aster (ASTER) is up 3.5% for the day and is worth $0.72.

Terra (LUNA) has outperformed all tokens involved in the listing effort, posting a daily gain of 13%, whereas Terra Luna Classic (LUNC) and Zcash (ZEC) have recorded more modest gains.

It is important to note that the overall revival of the crypto market may have also played a role in the solid performance of the aforementioned assets. Bitcoin (BTC) recently surpassed $90,000, while Ethereum (ETH) reclaimed the psychological level of $3,000.

The Opposite Reaction When Delisting

Binance also periodically removes certain trading pairs and even all trading services with some cryptocurrencies due to factors such as low trading volume and liquidity, compromised network stability and safety, and others.

In those cases, the delisted assets usually experience substantial declines. In September this year, the exchange terminated all services with BakerySwap (BAKE), Hifi Finance (HIFI), and Self Chain (SLF). The result was double-digit losses for the involved altcoins mere hours after the announcement.

A similar thing occurred in October when Binance delisted Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP). KDA took the biggest blow, with its valuation nosediving by 30% following the disclosure.

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