Among them, Tezos (XTZ) pops out with its hourly transaction volume jumping by 262.51% to $26,000, much beyond its regular $7,000 average. This increase is very unlike Binance, where Tezos saw a little 6.45% reduction in trading volume, thus stressing a clear contrast in trader behavior between the two exchanges.

Trading volume for another cryptocurrency, STP (STPT), on Upbit jumping 162.25% from $249,000 to $654,000 also showed a notable rise. Surprisingly, this increase corresponds with Binance’s 24.42% decline in STP’s trading activity, indicating a change in trade focus toward Upbit.

From $3 million to $9 million, Hedera (HBAR) also saw a roughly 300% gain over four hours, and trading volume on Upbit also increased fairly dramatically. Over the same time, Binance saw a lower but still notable 40.95% rise in HBAR transaction volume.

From a $8,000 average to $23,000, Ethereum Name Service (ENS) saw over quadruple trading volume on Upbit, a 193.9% increase. With a 33.56% volume rise, ENS also became very popular on Binance. Recent Ethereum co-founder Vitalik Buterin’s platform transactions could have bearing on the increase in ENS activity.

At last, Kava (KAVA) saw an astonishing 256.18% growth in hourly trading volume on Upbit as it surged from $52,000 average to $186,000. On Binance, kava trade only showed a meager 5.73% gain instead.

Unlike the more subdued numbers of Binance, these notable trading volume gains on Upbit signal to different market trends and preferences among South Korean traders, so Upbit is an important exchange to keep an eye on in the changing altcoin scene.

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The post Unusual Trading Volume Surges in 5 Altcoins on South Korea’s Upbit Exchange appeared first on Coin Engineer.

Binance ‘s Delisting Procedures and Date

According to Binance’s official announcement, this delisting decision will come into effect at 06:00 on February 2. The trading pairs of BSW/BNB, KAVA/ETH, SCRT/ETH, SNX/BNB, UFT/ETH and WAN/ETH, which will be delisted, will be removed from spot trading and the trading bots associated with these trading pairs will also be closed at the same time.

Binance explained the reasons behind this radical decision to users. The platform stated that the delisting decision is part of its strategy to optimize trading pairs and improve overall user experience. It emphasized that such strategic adjustments are necessary for exchanges to maintain their competitive advantage and provide safer, faster and more efficient services to their users.

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