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Binance to Remove NOT/BTC Trading Pair Amid Compliance Verification Concerns
The latest update from Binance, one of the world’s leading cryptocurrency exchanges, has sparked a heated discussion in the global crypto community. In an official statement released today, May 16, the company revealed that it is removing the NOT/BTC trading pair, with the aim of offering users a better trading experience.
This decision, coming as Notcoin is gaining immense popularity, it has sparked a wave of speculation among the token’s investors, who are speculating on the crypto’s future price movements. Here’s a closer look at Binance’s announcement and its potential implications for Notcoin.
Binance will remove NOT/BTC trading pair
In line 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 comes in conjunction with another event that unfolded in the orbit of the Notcoin (NOT) cryptography.
According to the Notcoin community post on X today, some Notcoin deposits on Binance have been declined. This happened due to Binance’s compliance check.
Although users receive their balance in ‘t.me/notcoin_bot‘Soon, as clarified by the crypto community, the sudden and abrupt halt of the NOT/BTC trading pair has taken the crypto market by storm. Meanwhile, Notcoin also claimed to have worked closely with Binance to resolve the issue.
Furthermore, amid the saga mentioned above, the NOT token embarked on a downward price trajectory.
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DO NOT drop the price
At the time of writing, the price trajectory of the NOT token has plummeted phenomenally, dropping 51.03% today. The token currently stands at $0.007077, boasting a market cap of $727.22 million. Furthermore, its 24-hour lows and highs are $0.006887 and $0.01445 respectively.
In the meantime, Bitcoin (BTC) traded at $65,891.68 today, up 2.75% in the last 24 hours. The token’s market cap was valued at $1.29 trillion, while its 24-hour trading volume was $36.70 billion.
Read too: India SEBI Recommends Regulators to Oversee Crypto Trading Amid Increasing Tightening by RBI
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