Binance Scheduled Wallet Maintenance and Recent Delistings: What You Need to Know

Binance, the world’s largest cryptocurrency exchange, will be suspending deposits and withdrawals for approximately one hour on July 17 for scheduled wallet maintenance. This brief disruption will not affect trading services, and deposits and withdrawals will resume once the network is stable.

In addition to this maintenance, Binance recently delisted several altcoins, including BarnBridge, Dock, Mdex, and Polkastarter. This decision caused significant price drops for these assets, with DOCK experiencing a crash of over 50% in just 24 hours.

The delisting of cryptocurrencies from major platforms like Binance can have a major impact on their prices, as seen earlier this year when Monero (XMR) was delisted and experienced a 35% price plunge. Despite these delistings, Binance continues to add new trading pairs to respond to market trends, such as WIF/EUR, NOT/BRL, and TRU/TRY.

Overall, Binance’s maintenance and delisting efforts highlight the volatility and ever-changing nature of the cryptocurrency market.