untitled design

Binance Announces Delisting Of Several Assets

The world’s largest cryptocurrency exchange Binance today announced another wave of asset delisting on its platform. This time, Blockmason Credit Protocol (BCPT), CyberMiles (CMT), Time New Bank (TNB) and VIBE (VIBE) were excluded from the exchange lists. These assets were listed in a limited number of trading pairs on Binance, which are now also subject to removal.

Trading in these tokens will be stopped on February 10. Before May 10, users need to withdraw them from the platform. Otherwise, they will be automatically exchanged for the BUSD stable coin at the CoinMarketCap rate.

As usual, Binance does not elaborate on the reasons for its decision, mentioning only general factors, such as low developer activity, decreased trading volumes and liquidity, doubts about the security of networks, and the like.

The tokens subject to delisting were distributed through ICOs in 2017 and since then have lost the interest of market participants, having lost over 90% of the initial value. Today, the remaining holders of such tokens hastened to get rid of problem assets, as a result of which they fell even further, and the charts in most cases look like this:

Their fears are justified: after the delisting from Binance, assets that previously could gain several million turnovers per day, in many cases have trading volumes that are limited to several thousand dollars.

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular