Binance delisting ENJ/USDC and GENIUS/USDC on September 18 due to insufficient liquidity; broader market pressure from CLARITY Act failure also cited.
Regulation & Gov ·
Binance announced the removal of multiple trading pairs effective September 18, citing insufficient liquidity and trading volume as the basis for delisting. The affected pairs include ENJ/USDC and GENIUS/USDC on both cross-margin and isolated-margin sections, alongside CVX/USDC, VANA/USDC, BREV/USDC, COOKIE/USDC, LA/USDC, and QNT/USDC across margin and spot trading. The exchange conducts periodic reviews of listed pairs to assess criteria including liquidity, trading volume, and development activity.
While several affected cryptocurrencies posted daily losses around the announcement date, the delisting itself does not appear to be the primary driver of recent declines. A broader market correction triggered by the CLARITY Act failure is cited as the more significant factor. The distinction matters: Binance delistings of individual tokens—not merely trading pairs—have historically caused sharp sell-offs, whereas delisting specific pairs leaves the base assets tradeable through other pair combinations on the platform.
Binance also issued a phishing alert warning users of fake text messages impersonating account security notifications designed to harvest credentials via malicious links. The company emphasized that it never requests account verification through text message links and recommended users enable withdrawal address whitelisting and anti-phishing codes in their security settings.