CEX Token Delistings: Why Does it Happen?
- Binance announced the delisting of CVP, EPX, FOR, LOOM, REEF, and VGX.
- Bitget delisted the trading pair of NFM/USDT.
- KuCoin delisted Soul Society (HON) and Konomi Network (KONO).
Centralized crypto exchanges like Binance and KuCoin are cracking down on altcoins, removing several tokens from their platforms. Why the sudden purge? It boils down to investor protection and regulatory compliance. Let us look at the factors that lead to delisting and what it means for the crypto market.
Centralized exchanges stay proactive in protecting investors against rug-pulls, market manipulation tactics, and scams crypto projects. As a result, they have a stringent listing process and if an altcoin or a project is found breaking certain policies or not being up to the exchange’s standards, the trading platform decides to delist the token.
Binance’s recent removal of PowerPool (CVP) and other tokens highlights this trend. To safeguard investors and comply with regulations, CEXs maintain stringent listing processes. When an altcoin or project falls short of these standards, delisting becomes a likely outcome.
Another major crypto trading platform, KuCoin, had announced…
The post CEX Token Delistings: Why Does it Happen? appeared first on Coin Edition.
Read More
CEX Token Delistings: Why Does it Happen?
- Binance announced the delisting of CVP, EPX, FOR, LOOM, REEF, and VGX.
- Bitget delisted the trading pair of NFM/USDT.
- KuCoin delisted Soul Society (HON) and Konomi Network (KONO).
Centralized crypto exchanges like Binance and KuCoin are cracking down on altcoins, removing several tokens from their platforms. Why the sudden purge? It boils down to investor protection and regulatory compliance. Let us look at the factors that lead to delisting and what it means for the crypto market.
Centralized exchanges stay proactive in protecting investors against rug-pulls, market manipulation tactics, and scams crypto projects. As a result, they have a stringent listing process and if an altcoin or a project is found breaking certain policies or not being up to the exchange’s standards, the trading platform decides to delist the token.
Binance’s recent removal of PowerPool (CVP) and other tokens highlights this trend. To safeguard investors and comply with regulations, CEXs maintain stringent listing processes. When an altcoin or project falls short of these standards, delisting becomes a likely outcome.
Another major crypto trading platform, KuCoin, had announced…
The post CEX Token Delistings: Why Does it Happen? appeared first on Coin Edition.
Read More