Four altcoins crashed badly, as Binance took the surprise decision to delist
Binance will delist four major crypto assets from the platform, as they are not meeting with the exchange’s current listing criteria.
Binance, a big name among the crypto companies, is currently under a very big stress level as its co-founder Changpeng Zhao (CZ) is ready to go to jail for 18 months as a part of the settlement agreement with the US authorities, as the exchange violated US financial laws. Currently, FUD is also playing a vital role for this exchange to create panic among its customers, which can be seen in the figures of money outflow from the exchange.
On 27 Nov 2023, Binance exchange announced that it would delist BTS, PERL, TORN, and WTC on 2023-12-07. Withdrawal of these assets will be restricted from 7 March 2024. So all the Binance customers need to take action on the trade & investment activities with these mentioned crypto assets, as trading of these crypto assets will no longer remain available on the platform.
According to the exchange, the latest review by the Binance team against the listed cryptocurrencies found that these mentioned crypto assets are longer meet the exchange’s listing criteria.
Following this report, the trade price of these assets crashed badly. The trade price of Torn crashed 41%.
WTC token crashed 44% because of the very high sell pressure.
BTS token also faced very high sell pressure & crashed by 45%.
The situation is also the same for the Perl token.
Amid the Crypto bull sentiments, this decision by the top Crypto exchange not only acted as a negative sentiment for these mentioned Crypto assets but also for other cryptocurrencies because the small dump in the trade price of all other assets can be seen.
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