Being a delist is a negative statement for the cryptocurrency market. If a coin is delisted, it means that it is closed for any trading and will no longer be listed on the exchange.
What is Delist?
Delist means to exclude from the list. The delist expression is used to delist an asset on the cryptocurrency exchange. A financial asset can be delisted from the platforms on which it is listed for many reasons.
Reasons such as the existence of any legal process, having a low volume on a regular basis and not providing any benefit to the market may lead to the delisting of financial assets.
What Happens If Coin Delists?
Cryptocurrencies that cannot reach their old values after excessive price fluctuations can create distrust. This situation causes that crypto asset to be evaluated less by users in trading transactions and its volume remains low. In such cases, it may be decided to delist the crypto asset by the platforms on which it is located.
If a coin is delisted, it is removed from the listings of the cryptocurrency exchange that made that decision. However, this process is not carried out suddenly in order not to victimize the users. Instead, it is delisted after a certain period of time after an announcement is made and investors are warned. A coin delisted on one exchange may continue to be listed on another. For example, The coin to be delisted by Binance Listed cryptocurrencies are only removed from the Binance exchange because it is a specific decision taken by the exchange. If the Exchange deems it necessary, it may perform the re-listing process.
Binance Delist Coin List
Binance CEO CZ stated that some projects within the stock market are no longer active enough and do not make any progress. coins to be delistedpublished the list.
Making a new move in this context, the crypto exchange announced that it has moved 18 crypto money projects to the innovation zone. The cryptocurrencies that have fallen and CZ has warned of delisting are as follows;
- AMB
- ARC
- BTS
- DREP
- FTT
- GFT
- JASMY
- LOOM
- MLN
- OAX
- OMG
- PERL
- PNT
- SNM
- SRM
- VGX
- WRX
- YFII
