Binance Delists 20 Spot Trading Pairs Amid Liquidity Concerns

By: crypto insight|2026/01/12 22:30:05

Key Takeaways

Binance will delist 20 spot trading pairs on January 13, 2026.
Affected pairs include ACT/FDUSD, AEVO/FDUSD, and AR/FDUSD, among others.
The decision is part of Binance’s periodic review to maintain a high-quality trading environment.
Users are advised to cancel any related spot trading bots to prevent potential losses.

WEEX Crypto News, 12 January 2026

In a decisive move to ensure the maintenance of a robust trading environment, Binance has announced the delisting of 20 spot trading pairs. This action, set to take effect on January 13, 2026, underscores Binance’s commitment to periodic evaluations aimed at optimizing trading quality on its platform. The pairs slated for removal include ACT/FDUSD, AEVO/FDUSD, and AR/FDUSD, among others.

Understanding the Rationale Behind the Delisting

Binance periodically reviews its tradable assets, evaluating each pair based on various criteria such as liquidity and trading volume. This systematic approach ensures that only viable pairs, which demonstrate sufficient market activity, remain available for traders. The delisting announcement, therefore, is not arbitrary but a calculated decision to uphold Binance’s standard of a high-quality trading arena.

Notably, the delisting of these pairs does not mean the underlying tokens are vanishing from the platform. Traders can still engage with these tokens through other available pairs, maintaining the flexibility needed in dynamic market conditions.

Impact on Current Trading Activities

The imminent delisting will also result in the termination of spot trading bot services associated with the affected pairs. Users are strongly encouraged to deactivate these bots promptly. Failure to do so could lead to unforeseen trading anomalies, potentially resulting in financial losses. The precautionary advisory by Binance is a prompt reminder for users to align their trading strategies with the upcoming changes.

This measure highlights Binance’s proactive approach to mitigating risks associated with low-liquidity pairs. By addressing these challenges head-on, Binance not only preserves the integrity of its trading platform but also protects its users from potential market distortions.

-- Price

Broader Market Implications

The decision to delist trading pairs raises broader questions about liquidity issues affecting numerous cryptocurrencies. Low liquidity can significantly increase the susceptibility of a trading pair to price manipulations, thus impacting traders’ experiences. Binance’s action serves as a crucial reminder of the ongoing challenges within the rapidly evolving cryptocurrency market.

Moreover, this announcement may prompt other exchanges to reassess their listings, aiming to refine offerings and assure traders of market stability. It underscores the necessity for regulatory compliance and meticulous oversight within the digital asset trading domain.

Binance’s Commitment to User Safety

By consistently auditing and adjusting its tradable options, Binance reinforces its role as a leader in the cryptocurrency exchange landscape. Such measures are integral to ensuring that users can trade in an environment that prioritizes transparency and risk management.

Moreover, these actions align with global regulatory expectations, which increasingly demand higher standards of market conduct to safeguard investor interests. Users can expect Binance to continue evolving its platform in response to both market demands and regulatory developments, thereby securing its position at the forefront of user-driven innovation.

As Binance navigates these adjustments, WEEX, as a platform, remains committed to providing users with cutting-edge trading opportunities. Offering a user-friendly interface and comprehensive support, WEEX is a valuable partner for traders seeking to capitalize on market trends with confidence and security. Register with WEEX today to explore optimal trading solutions [WEEX sign-up link](https://www.weex.com/register?vipCode=vrmi).

FAQ

What trading pairs are being delisted by Binance?

Binance plans to delist the following trading pairs on January 13, 2026: ACT/FDUSD, AEVO/FDUSD, AR/FDUSD, among others.

Why is Binance delisting these trading pairs?

The delisting is part of Binance’s regular evaluations to ensure high-quality trading conditions. Pairs with low liquidity and trading volume are typically removed to maintain an efficient market environment.

How can I manage my spot trading bots in light of the delisting?

Users should cancel or update any bots associated with the affected pairs to avoid potential losses, as these services will be terminated simultaneously with the delisting.

Are the tokens involved in the delisting still available for trading?

Yes, the underlying tokens will remain available for trading on Binance through other existing pairs, ensuring continued market participation for these assets.

How does this delisting affect Binance’s overall market strategy?

This delisting reflects Binance’s strategic focus on refining its platform, addressing market liquidity issues, and complying with regulatory requirements to ensure safe and transparent trading for all users.

On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.

• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.

• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.

CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."

"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."

The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.

Operating Costs and Expenses

The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.

This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million

Profit Situation

The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.

The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.

The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.

Operating Costs and Expenses

The total annual operating costs and expenses amount to $1.1 billion.

Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million

Profitability

The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.

The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.

Financial Position

As of December 31, 2025, the company's key assets and liabilities are as follows:

· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million

In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.

Stock Repurchase

As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

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