MEXC has announced its decision to delist $RIO and $RUNECOIN perpetual futures trading pairs on October 10, 2024, at 09:00 UTC. This move has raised eyebrows in the crypto community, as it could influence market behavior for these assets and impact traders holding positions in these pairs.
Impact on Traders:
- Closure of Positions:
- All positions in $RIO USDT and $RUNECOIN USDT futures will be closed at the fair price at the time of delisting.
- Traders are advised to close their positions before the deadline to avoid forced liquidation and potential losses.
- Market Adjustments:
- The removal of these pairs may lead to increased volatility or reduced liquidity for $RIO and $RUNECOIN.
- Traders may shift their activities to other platforms where these pairs remain available or rebalance their portfolios towards more liquid assets.
- This could also boost the price as there will be less manipulation of the prices which these communities have requested before
Reasoning Behind the Delisting:
- Liquidity Issues:
- The trading volume for $RIO and $RUNECOIN futures may not meet MEXC’s liquidity requirements for futures trading.
- Regulatory Compliance:
- Evolving regulations could play a role, as exchanges often update offerings to stay compliant with changing legal frameworks.
- Strategic Focus:
- MEXC may be refining its futures platform to concentrate on more in-demand pairs, aligning with its long-term goals.