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The world’s largest cryptocurrency exchange periodically reviews each digital asset listed on its platform to ensure that it “continues to meet a high level of standard and industry requirements.”
“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” it explained. The company takes various factors into consideration, such as commitment of team to project, trading volume and liquidity, level and quality of development activity, stability of networks from attacks, and more.all operations with six altcoins. Namely, those are PowerPool , Ellipsis , ForTube , Loom Network , Reef , and VGX Token . The delisting will come into effect on August 26.
“The exact trading pairs being removed are: CVP/USDT, EPX/USDT, FOR/BTC, FOR/USDT, LOOM/BTC, LOOM/TRY, LOOM/USDT, REEF/TRY, REEF/USDT, VGX/USDT. All trade orders willexchange can negatively impact their prices due to reduced liquidity, reputational damage, and subsequent panic among traders.the involved coins headed south shortly after the announcement. CVP, FOR, EPX, and VGX are all down by approximately 40% on a daily scale.
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