What are the consequences when Binance delists a coin?

3 answers

• Dec 18, 2021 · 3 years ago
  When Binance delists a coin, it can have significant consequences for both the coin and its holders. The delisted coin may experience a sharp decline in value as it loses access to Binance's large user base and liquidity. This can lead to panic selling and further price drops. Additionally, the delisting can damage the reputation and credibility of the coin, making it less attractive to investors and potentially causing other exchanges to follow suit. Overall, a Binance delisting can have a negative impact on the coin's market value and future prospects.
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• Dec 18, 2021 · 3 years ago
  Delisting a coin from Binance is like being kicked out of the cool kids' club. It means that the coin is no longer deemed worthy of being traded on one of the largest and most influential cryptocurrency exchanges. This can result in a loss of credibility and trust from the community, as well as a decrease in trading volume and liquidity. It's like being left out in the cold while everyone else is partying inside. So, yeah, it's not a great situation for the delisted coin.
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• Dec 18, 2021 · 3 years ago
  When Binance delists a coin, it's a clear signal that the coin is not meeting the exchange's standards or requirements. Binance is known for its strict listing criteria, which include factors like project quality, team reputation, and market demand. Therefore, a delisting can be seen as a red flag for investors and traders. However, it's important to note that not all delisted coins are doomed to fail. Some projects may be able to recover and regain their value by focusing on improving their fundamentals and finding support on other exchanges like BYDFi.
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