On July 22, the world’s largest cryptocurrency exchange Binance will list four cryptocurrencies at once: BarnBridge (BOND), Dock (DOCK), Mdex (MDX) and Polkastarter (POLS).
On the news of delisting, BOND, DOCK, MDX and POLS quotes began to fall.
Binance Delists New Batch of Tokens
According to official announcementafter another check, the Binance team decided to remove four assets from the listing that do not meet the trading platform’s standards. The crypto exchange conducts such checks regularly, considering a number of factors:
- team commitment to the project;
- level and quality of development activities;
- trading volume and liquidity;
- network or smart contract stability;
- and others.
Based on the results, Binance announced the removal of spot pairs for BOND, DOCK, MDX, and POLS from July 22 this year:
- BOND/BTC;
- BOND/USDT;
- DOCK/BTC;
- DOCK/USDT;
- MDX/USDT;
- POLS/USDT.
After trading stops, all orders will be automatically cancelled. However, trading in BONDUSDT perpetual contracts will continue.
How delisting victims react
After Binance’s delisting announcement, the worst hit was the DOCK token. According to CoinGeckothe asset price fell by 37.3% – from $0.103 to $0.006.
In less than an hour, MDEX quotes have fallen by 30.4%. The token is currently trading at $0.02504 with a trading volume of $2 million.
The BOND price fell by 31.4%, from $1.83 to $1.47. The asset’s capitalization fell to $14.5 million. Meanwhile, the POLS rate fell by 20.5% to $0.3202, and the token’s market value broke through $31.8 million.
In early June, Binance delisted OmiseGO (OMG), Waves (WAVES), NEM (XEM), and Wrapped NXM (WNXM). The reason was the results of a regular audit.
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Source: Cryptocurrency
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