Share this article
BTC
$82,287.71
-
0.03%ETH
$1,796.16
-
1.22%USDT
$1.0002
+
0.02%XRP
$2.1252
+
0.40%BNB
$600.49
-
0.07%SOL
$123.76
-
0.67%USDC
$1.0004
+
0.01%DOGE
$0.1669
-
0.84%ADA
$0.6602
-
1.28%TRX
$0.2310
-
1.19%WBTC
$82,247.10
+
0.02%TON
$3.8082
+
2.15%LEO
$9.6166
+
0.54%LINK
$13.45
-
0.48%XLM
$0.2660
+
0.64%AVAX
$19.08
-
4.00%SUI
$2.3316
+
2.10%SHIB
$0.0₄1239
-
1.18%HBAR
$0.1687
-
0.32%LTC
$85.93
+
0.89%Ad
Sign Up
- Back to menuNews
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menuSponsored
- Back to menu
- Back to menu
- Back to menuResearch
- Back to menuWebinars & Events
- Back to menu
Crypto Exchange Binance Delists Serum Trading Pairs Amid FTX Connection
Three Serum trading pairs on Binance will be terminated on Nov. 28.
Cryptocurrency exchange Binance will delist three Serum (SRM) trading pairs as the fallout from FTX's collapse continues, according to an announcement on Friday.
The exchange will terminate trading of the SRM/BNB, SRM/BTC and SRM/USDT trading pairs on Monday, Nov. 28.
Story continues
Serum is a Solana-based decentralized exchange protocol that was championed by FTX since its inception, with the defunct exchange awarding SRM tokens to traders in the form of a weekly airdrop.
On Nov. 14, the Solana Foundation said it held 134.54 million SRM on FTX, raising concerns about the future of the project.
The community forked the project the following day to protect itself against a hack that took place on FTX, the token subsequently rallied by over 250%.
The majority of SRM trading volume takes place on Binance, according to CoinMarketCap, although the token is still listed on Kraken, Kucoin and Gate.io.
SRM was trading at $0.2704 as of press time, plunging by 7.5% over the past 24-hours.
Read more: FTX Hack Sparks Revolution at Serum DEX as Solana Devs Plot Alameda's Ouster
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
