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 heated debate in the global crypto community. In an official statement released today, May 16, the firm announced that it has removed the NOT/BTC trading pair, aiming to provide users with a better trading experience.
This decision, which comes as Notcoin has gained immense popularity, has sparked a tidal wave of speculation among token investors speculating on the crypto’s future price movements. Let’s take a closer look at Binance’s announcement and its potential ramifications for Notcoin.
Binance Will Remove NOT/BTC Trading Pair
In line with Binance’s announcement, the NOT/BTC trading pair, which was originally scheduled to list at 12:00 UTC on May 16, is now being removed from the platform. This decision came along with another event that emerged in the orbit of the Notcoin (NOT) crypto.
According to the Notcoin community’s post on X today, some Notcoin deposits to Binance were rejected. This happened due to Binance’s compliance check.
While users will soon receive their balances via ‘t.me/notcoin_bot’, as announced by the crypto community, the sudden and abrupt halt of the NOT/BTC trading pair has wreaked havoc on the crypto market. Meanwhile, Notcoin also claimed to be working closely with Binance to resolve the issue.
Moreover, in the midst of the aforementioned saga, the NOT token entered a declining price trajectory.
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NOT Price Drops
The price course of the NOT token has fallen spectacularly as of the time of this writing, falling 51.03% today. The token currently stands at $0.007077 and its market cap is $727.22 million. Additionally, the 24-hour low and high values are $0.006887 and $0.01445 respectively.
Meanwhile, Bitcoin (BTC) traded today at $65,891.68, up 2.75% in the last 24 hours. While the market value of the token was evaluated as 1.29 trillion dollars, the 24-hour trading volume was 36.70 billion dollars.
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