What if binance delisted bitcoin???
This is going to be interesting blog in this blog we are going discuss all except with numbers And fundamental effect that what if binance delisted bitcoin.
All data which I am going to discuss is taken from coinmarketcap so if you have any doubts then go and check it by yourself.
why I am writing about this
As you know when binance delists coins then the prices of coins falls down badly and when it announces some listing the price of coin jumps automatically.
So I wanna know that when this applies to the crypto king Bitcoin.
This is going to be a fare research.
Bitcoin total trading on binance
Here I am taking top five pairs of bitcoin on binance.
And I am shocked that the first pair
- BTC/USDT is ranked on no. 28 which is first for binance which has only 0.66% total vol. for bitcoin.
- BTC/ETH is ranked on no. 84 which is second for binance which has only 0.19%
For vol. for bitcoin - BNB/BTC is ranked on no. 95 which is third for binance which has only 0.16% for vol. for bitcoin
- XRP/BTC is ranked on no. 101 which is forth for binance which has only 0.15% for vol. for bitcoin
- celer/BTC is ranked on 105 which is fifth of binance and it has 0.14% of vol. from total vol. of bitcoin
When we add all the vol. it is only 1.3% form total vol. of bitcoin and it is approx 0.26 billions and bitcoin has total approx 12 billion of vol. in last 24 hr and from that only 0.3 rufly traded on binance.
head to head
It’s not an fare that we are comparing an exchange where lots of coin is trading with a single coin but the results are shocking.
If you see then the total trading volume of binance it is near about 1 billion
And hear we go the volume of bitcoin of last 24 he then it is near by 12 billions
So if you calculate then binance total vol. of 24 he is only approx 8.5 % of bitcoins total trading vol.
so the clear winner is bitcoin.
binance trading pairs
As I know now that binance has total trading vol. of nearby 1 billions and in that bitcoin has 256 million trading vol.
it means 25 % of total vol. it’s huge.
What you think about.
conclusion
I don’t think that if binance delist bitcoin then there will be any effect of bitcoin price but it seems like it will not good for binance exchange as you know bitcoins only approx 2 % is trading on binance but this 2% is 25 % for binance and you know which is bigger and this will also leads an negative effect in market about binance
So binance don’t mess with bitcoin it will destroy you.
What’s do you think about this topic let me know in comments section.
not much would change but i like the thinking ;)
thank you sir.for your appreciation @kingscrown
I was shocked that the trading numbers were that low for Bitcoin. All said, I doubt an exchange would delist the single largest coin in the cryptocurrency universe. It could lead to unintended consequences. A lot of Bitcoin holders would be angry and might retaliate against the exchange. Could create a lot of unnecessary drama with no real upside. Very provocative post. Thanks for the interesting post.
this post was based on my thinking and by making some research i made it happen on steemit.
thanks for appreciation sir.
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