All three exchanges have, as the headline indicates, delisted FTX token pairings from their cryptocurrency exchanges.
The FTT/BTC, FTT/BNB, FTT/ETH, and FTT/USDT trading pairs have been deleted off Binance's platform, according to the company, since they did not pass recent checks. The FTT/BUSD pair is still accessible on the market, the exchange stated.
https://twitter.com/binance/status/1592020929999159296The perpetual swap contracts related to FTT have been delisted by all exchanges except Binance and BitMEX. Its FTT/USD and FTT/USDT pairings are included in this. The exchange explained their justification for delisting as a drop in spot trading of the pairs. KuCoin has delisted their FTT/USDT perpetual contract on KuCoin Futures, similar to BitMEX.
Well that makes sense to me. With FTX probably going bankrupt, there is a high chance that all the FTT tokens become completely worthless and therefore it is a good measure of those exchanges to just delist the trading pairs of that token. I mean even though they were warning not to buy and sell FTT token for a few days now at least people are still doing in in the hope of a quick profit, just like they do it with Terra Luna classic.
I just hope that the whole topic now slowly but surely cools off and that the rumors about other big exchanges also having financial trouble turn out to be untrue because if we see another big crypto company collapse then we are in for way lower prices than we are already having them now.