The Binance platform is the largest cryptocurrency trading platform in the world in terms of daily trading volume, and accordingly, when announcing the inclusion of a cryptocurrency on the Binance platform, coin holders are very happy and managing the coin project, and the coin rises often and vice versa when announcing the deletion of the coin, the coin is exposed to a sharp decline in Often the holders of the coin and the management of its project grieve.

Recently, CZ, the CEO of Binance, hinted that he might start deleting low-volume coins.

Cryptocurrencies involved in the deletion process from Binance:

In an interesting thread on Twitter, suggest Cryptocurrency analyst and trader RookieXBT has written off all cryptocurrencies on Binance that have a daily trading volume of no more than 10 BTC.

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Expected or not, the CEO of Binance has been involved in the matter, offering a hint that he might actually consider doing so.

Delete all coins on Binance whose daily volume is less than 10 BTC

– RookieXBT 🧲 (RookieXBT) October 28, 2020

He told CZ:

I think it’s a good idea.

If you are the coin listed on Binance and you still don’t have a trading volume, then…

Perhaps “CZ” is indicating that there is something inherently wrong with the cryptocurrencies listed on Binance that fail to generate significant daily trading volume.

Of course, there are two sides to this debate.

Some users believe that the merits of the coin should not be evaluated based on the volumes it generates on cryptocurrency exchanges.

People argue that they own a digital currency for the long term and don’t really care about the daily volume.

This is certainly valid and valid.

The other side of the story:

Certainly, the advantages inherent in a cryptocurrency are not related to its inclusion in a particular trading platform, be it Binance or others.

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So, a logical question arises:

Why would someone care if a cryptocurrency is listed on a popular exchange or not? Assuming that he is enthusiastic about the currency and its project and the technology it carries?

This is where things take another turn.

At this point, it becomes fairly clear that this proposition is not on solid ground because people are clearly concerned about price, perhaps more than the technology itself.

If an investor is holding a cryptocurrency for the long term, its inclusion on Binance shouldn’t make a difference.

But this is not usually the case as people are seldom interested in technology despite what they might claim.

The main concern is that if Binance decides to delete low-volume cryptocurrencies en masse, it could cause even greater turmoil in the market due to what is known as the “Binance effect.”

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As we mentioned at the beginning of the article, when a cryptocurrency is listed on Binance, it usually sees a significant increase, and the opposite is also true.

Last year, Binance delisted Bitcoin SV, dropping the coin by more than 10% after news of the deletion spread.

This is just one example.

Anyway, there is no official confirmation on what Binance will do and will it actually remove the low-volume coins?

The coming days will bear the definitive answer for sure.

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